The problem with the Harbor Freight tools, is that they are carbon steel.
Carbon steel is just fine for cutting peanut butter, whipped cream, jello, and the like.
However what you need in all your cutting tools (drills, reamers, taps, counter-sinks, etc.) is high-speed steel.
High-speed steel will get you there, but you will pay for it, it's the old "you get what you pay for".