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Re: One tool/machine to level up a moderate shop
Actually the next step I would take is some precision measuring tools. Calipers, depth indicators, etc.
A lathe would be the first machine tool I would recommend.
There are many uses and it does things that none of the hand tools and general tools can do. It is the first step towards precision. You can make many things from HDPE to serve as a low speed bearing. Shafts, spacers, etc etc.
It is not necessary to have a digital readout for the lathe (although it is nice if you can afford it)
It is often said that with a lathe you can make a mill. I wouldn't try it though.
Just remember that when you take the step toward machine tools you will need at least an equal budget for the "tools" that you will put in them as you do for the machine itself.
Good luck
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