[asid61]

Originally Posted by FlyOrangePants

I took a look at the materials George mentioned and found some more current prices if anyone's interested.

Harbor Freight (http://www.harborfreight.com)
1pc Mini Mill (R8) #44991 $599.99
1pc Mini Lathe 7x10” #93212 $499.99
1pc Drill Press ½” #60238 $ 64.99
1pc Band Saw #93762 $249.99
1pc Grinder 8” #37823 $ 54.99
1pc Drill Chuck (2mt) #42340 $ 14.99
ST $1484.94
CDCO (http://www.cdcotools.com)
1pc Mill Vise 4” #21003 $108.00
1pc Clamp Kit #24802 $ 45.00
1set Parallels #37201 $ 28.00
1pc Drill Chuck #25003 $ 15.00
1pc Arbor (5/8) #21303 $ 4.00
1pc Edge finder #60601 $ 5.00
1pc Wiggler #60603 $ 7.00
1set End Mills #45901 $ 58.00
ST $270.00
Enco (http://www.use-enco.com)
1set Lathe tools #383-4300 $ 59.14
1set R8 Collets #231-4611 $ 82.52
ST $141.66
TOTAL $1896.60

I would strike the wiggler. I've used one maybe twice in three years. A small drill bit or straight pointy rod can do almost as well.
Also swap the mini mill for something heavier, maybe a used Bridgeport. The difference is palpable for both cutting and for the extra travel you get.