Some very good work is done on old lathes. (Many did not have graduated dials, but the operators produced excellent work, working with callipers and 6″ rules)
I am not suggesting returning to those days. By all means, take advantage of modern machinery and techniques, if we can. But bear in mind the budget. If you have £30K or more to spare, you can work on a modern, durable really high precision machine.
For a newcomer (Probably unsure if they are doing the right thing), £500 maybe a lot to risk, so opt for a very old first machine with limited capabilities, for half that sum. (Sadly, some find out the hard way the ridks of of an old machine after many careless owners. There are sharks in many seas) Having bought measuring equipment, and gained experience, they will want to progress to a machine that is larger amd better equipped. Eventually, they may well feel the need for a brand new machine.
In this way they will have learned; and helped to sustain the hobby, helping every one, by maintaing a supply of inexpensive machines, and trade for the suppliers.
An ex colleague can produce work that is far better than mine, on a lathe that is over 100 years old. (He nade an elbow engine that works beautifully, on a pre 1920s Drummond)
With a 2003 machine, I cannot match his skill.
It is good to see young folk coming into the hobby; in that way it will continue.
For anyone, there is an enormous sense of satisfaction from seeing parts being completed and movement towards the end product.
Despite the many advantages of CNC, therer will still be a need for “handle twirlers”, certainly in in the commercial world if small quantities are required, or at short notice. (Another ex colleague has, several times, kept a local factory going by producing, overnight, a part needed to repair a broken down machine.)
There is room for all in the hobby.
A newcomer, of any age, initially does not have to have a completely equipped workshop. It has taken me 40 years to get to where I am now, starting from a basic Myford ML7 – which was a MAJOR advance from a pistol drll held in a vice using a bolt as an arbor.
Often, it is better to learn the skills on a machine lacking all the latest features. The basics give an understanding of what is going on, which enables more sophisticated machines to be used to a greater proportion of their capability. In the first week of my apprenticeship, I thought that 0.005″ was a suitable cut. Within a year I was removing 3/8″ a side!
We need to encourage newcomers of all ages. They will gain a lot of pleasure (And skills) and help the rest of us by providing trade for our suppliers. The trade, and the publicity of Shows will help to keep the hobby alive.
Let us help and encourage newcomers, of all ages, and help them to get the best from their equipment, whether OLD or fresh out of the box. Without guidance a newconer can produce scrap on new machine quicker than an old hand on a venerable much used machine.
Howard