> I'd use that thing at home for light duty stuff

I know he's drilling into hardwood, but look how hard he has to press to drill into it. Doesn't look particularly light duty to me.

> having a quick change chuck

This is the way. Under $10 at Home depot for one of these and you can swap 1/4" hex shank bits in less time than you can say "swap 1/4 inch hex shank bits".