QUOTE(Ruaidhri @ Mar 27 2008, 06:59 AM) [snapback]559054[/snapback]
Actually this is one of my hobby horses

Newcomers, and I do not mean offence to anyone here, are bombarded with gadgets, tools etc. etc., most of which cost an arm and a leg.
Very many of our tools can easily be made in our own workshops with very little skill or training - but a bit of practice

Yeah, but if you have limited shop time (as I do), then it's about whether you want to make pens or lathe tools, right?
In the case of Dragon Pens, they bought CNC equipment and jewelry-making equipment, so it's not like it was lathe tools or something.
I figure that I could get by with a midi lathe, a lathe stand (which I could make), and two good tools (roughing gauge and skew) plus sandpaper, the appropriate drill bits. I know better than to buy cheap lathe tools. Better steel means a lot.
Brian Boggs started his chairmaking shop for $500. He bought used and vintage tools, fixed them up, and made a pole lathe for rungs.