YOu would be better advised to get an angle grinder and wire brush. Much faster and more thorough than an electric drill. If you choose this route, the andle grinders are fairly cheap - can be as cheap as £10 to buy. You will also need leather gloves and goggles, probably hearing protectors as well.
It's the only decent way to prepare metal for painting.
Then you need a good primer and paint. TBH a metal primer and Dulux outdoor paint is as good as anything.