David, it would be my recommendation to look at another brand drill, just based on performance & longevity. While these cheaper indexable drills are tempting because of the low cost of the drill body, they are a fool's bargain in the long-term.
A modern drill from Seco, Sandvik etc. will be miles ahead in the long run. The bodies will be more durable, the inserts will be higher performing and more durable as well, and insert life will be absurd compared to WCMX offerings.
My personal recommendations from time in the shop, and on the road selling (back in the shop now BTW...) would be the Seco Perfomax, Sandvik 880 drills as 1st choice. If you buy either of these, jump on PM when you've gone through your first box each of inner/outer inserts. It will be months, and probably miles of drilling-life later... No joke... If your lathe is in good mechanical alignment, these drills will be the most trouble-free tools you'll probably ever buy...
If you wanted a lower cost option, Mitsubishi's MVX and Kyocera's DRV line look promising, and look to have "borrowed" a lot of features from the Seco/Sandivk drills.
I would strongly caution against using an allied spade drill at these diameters, unless there is a clearly unavoidable case for them. Tool-life costs will be remarkably high compared to an indexable drill, and they are usually much slower. Those who point out that multiple-diameter tips can be used in these, should also remember that a modern indexable drill can drill off-center, bore, and even helix-drill if a larger diameter is needed.
In short - If you spend the money on a "premium" indexable drill, you'll soon be glad that you did, and for a long time too...