I'd not anticipate working to very tight tolerances Richard (i have a snoopervisory cat too by the way), and suspect your 'work' scenario won't be far off. Not sure though – in that who knows where having light milling and maybe in a while turning capability will bring me. (it's anyway overlap hobby and commercial)
It's a little difficult to discuss the issues meaningfully at this very general level. My perception though is that first off the ZX30M isn't a high precision machine anyway – although i've been pleasantly surprised at the moderate runout in the spindle. (bit over half a thou)
On tooling my big concern relates to ability to get the job done at all – so much of the eastern made woodworking stuff just doesn't work. (say it's quality D) Brad point drills or Forstner bits are a simple case in point. They can be so bad that they flat don't cut at all or only intermittently or with tearing – because the grinding of the cutting edges is way off. Made from material so soft that the tool will be destroyed in minutes if used.
Next up might be stuff that's fairly functional (say C), but the quality just isn't in the material and the fineness in the sharpening for them to cut really well – or last long. i've had a big box of twist drills in this space (good box store quality perhaps) – they drill quite nicely in softer materials, but a bit of abuse by way of speed or a bit of slightly tougher material wipes the edge off immediately. Good quality hardened and ground HSS stuff not only cuts much better than this – it handles and feels different too. The steel rings rather than producing a dull clink when tapped on a surface.
Going up again to something like Famag HSS-G brad points or Forstners (say B) costs maybe x5 or even x10 compared to box store/budget, but the brads for example are incredibly finely finished, obviously hard as nails and so sharp as to need careful handling to avoid cut fingers. They will cut a circle one ply thick out of the top layer on cheap ply without even a hint of tearing, and have been working regulary for several years now and are still very sharp. Leitz saw blades for example (not their budget ones, but a grade or two up -finer carbide) are also in this sort of territory, and have an excellent sharpening service.
It's hard to generalise, but for sure there's stuff above this again. (say A) Much more expensive. Perhaps using carbides, superabrasives etc to give production type longevity, but likely getting specialised enough that it requires a powerful machine tool set up to appropriate depths of cut etc to get the best out of it. Probably not suited to general/jobbing work.
I seem to find myself always needing to buy high end jobbing stuff capable of working to the required standard (i'm very picky), but not necessarily with production longevity – probably quality B, getting by on minimum C in a few less demanding situations. i.e. I'll tolerate needing to take it a bit slower sometimes, but will accept no compromise in terms of ability to work to the highest std. (doesn't stop me screwing up)
Please pardon all the palaver – the problem is the need to often buy mail order unseen off websites and the like. I agree 100% Dave that given the time and the opportunity to handle most of the options at shows that the differences would (mostly) be apparent. Buying at auctions and the like can clearly work too (not many here though), but it's time consuming.
To pitch a very basic calibration question. There's outfits all over the place catering to hobby machinists and the like – people like RDG, Warco, ARC, Axminster, Chronos etc. My impression is that they do cost effective stuff. They often have price point options within their ranges – it's possible to pay x2 or x3 for a name branded machine vise for example. Still not expensive compared to a big brand industrial model – go to even a volume industrial tooling outfit like MSC and it's possible to spend a lot more..
Guess i'm wondering if the better/more expensive end tooling and accessories done by hobby/light professional oriented companies like those i've listed makes it to quality level B, or maybe high C as above?
ian