[asid61]

From what our old machining mentor says, it's not worth it to get a mill or lathe unless it weighs well over 1,000lbs and runs on 220v.
Personally I think that if you get a CNC, it should be a beefy router. That way you can cut stuff like 2x1 for WCD, gearbox plates, and bellypans. They also tend to be cheaper than regular CNCs.
Any manual mill that you get should have a DRO. They are just fantastic for manual stuff.