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I work on a lot of stuff besides outboards, so here are some things I have in my shop – YMMV :
Arbor Press – 3 ton vintage Dake – Anything smaller than the 3 ton size doesn’t have enough clearance, I think.
Hydraulic Press – HF 20 ton – This is an OK , pretty powerful (but slow) press, but you have to be willing to “modify” it a bit to get the best result – Much good on-line info – Make sure you get a newer one, with the cut steel arbor plates, NOT the old style with the cast ones – The stores may possibly have both kinds.
Drill Press – I have a couple, but most often use an older Atlas 15″ floor model – I think a 15″ drill press is about the smallest one practical, as long as you have the floor space. It’s tempting to get a smaller bench model, but you lose valuable bench space, and something is always “in the way”, when you want to use it