No doubt about it, buying a lathe is the cheapest part of this hobby. Tooling is where the money is. What I found really interesting is just what little amount of tooling is needed for some of the simple things I want to do. Its not so much what you have, but how you use it. I knew you could cut tapers with a Lathe, but I always thought you needed a taper attachment do it, After watching a few videos, I now know all You have to do is spin you compound around and cut from the end. Want to cut a gear, Lock the lathe head and just use a cutting bit to broach out the pattern. Stuff like this I didnt know before starting this deep hole project,. Oh, I also found out how to make my own boring bar. They say a good machinist can take a lathe and build every part for a lathe. I probably wont ever get to that level, but I'll practice and should be able to take care of most of my machining needs.