Depends on what a "larger" hole is... If say over 2", then a radial drill press like Glens would be better.
But if you can get a mill, especially an old Bridgeport, get it.
If you can score some tooling with it, even better. You'll need a vice, drill chuck, collets, maybe some end mills to get started. Used, this stuff is pretty cheap, new, good stuff is costly.
A big plus would be a digital readout, measures the movement of your x and y axis.
Most mills and big drill presses are 3 phase electric, FYI.