Oddly enough, astronomy is what finally pushed me into deciding I really ought to have a lathe. There are quite a number of telescope accessories that shouldn't be too hard to make given a little skill in turning and milling and given the prices of buying some of the gear the lathe could well pay for itself fairly easily. There are also things that are hard to find to buy in the first place, such as solar finders.
I have a number of telescopes (from my point of view, usually one fewer than I'd like; from my wife's more like far more than I need) and get outside with them as often as possible. I'm not a hardcore imager, but I do indulge a little. These are some of my recent favourites:
A transit of Jupiter's moon Ganymede (Ganymede is about 40% of the size of the Earth)

Mars, complete with some white clouds and polar ice cap:

Saturn, which is awkwardly placed for imaging from the UK for a few years:

There are more of my images, including some solar and lunar and a few "wide field" here:
**LINK**
The planetary images above are created by combining thousands of video frames taken at tens per second (the more the better up to a point), applying mathematical transforms to reduce noise and "undo" some of the distortion caused by our atmosphere. I have a couple of old webcams build around sensors that are particularly good for this purpose. The lunar and solar shots on the website are processed by a similar method, but I start with a hundred or so frames from a DSLR.
James