OK on the band saw, get several blades right for aluminum, and make sure it will run slow enough for metal. Aluminum blades are not like those for steel - they are more like wood blades (like 6 TPI or less!)
Get a lathe once you have a decent assortment of hand tools - basically, the $250 mechanic’s assortment from Sears Craftsman, with wrenches, sockets, allens, pliers, etc. For screwdrivers, we buy 3 sets of ‘el-cheapo’, hold one back for after build season, and throw them all away every year. Best $15 a year we ever spend…
Lathes are possibly the most handy item you can have. The mini lathe-mill products are versatile, wide-range tools that do several things, all poorly. An older, used lathe would be a far better choice for value, even for the same money.
We have access to a nice mill, and hardly ever use it. When we do, it’s not really necessary, just a nice-to-have.
One thing we lust after is a CNC X-Y cutter, which can cut out shapes from flat plate, or drill precision holes. But these are rarely seen used, and can be several thousand dollars new.
Depends on how much you have to spend.
There are two threads on CD from last year, a $5000 shop and a $10000 shop, both threads have some very good suggestions. EDIT: See 2 threads above.
If you must buy new machines, Grizzly is a good mid-line choice. As long as someone is willing to learn how to set up and maintain these machines, they will give god service. Unlike a power drill, machinery like this CAN be used right out of the crate, but will last longer and work better if they are set up properly and maintained with care.