Hi Ron,
Both magazines are complimentary rather than competitors. However if you are new to machining you could do worse than get Mr Hall's books on lathework ('A Complete Course' ) and Milling Machine (again 'A Complete Course' ) There are many other good books on the Lathe especially as it is the parent of all other machines, but Mr Halls books include projects and excellent instruction which will give a basis for future work (and you will get a lot of help here on the projects). I would wait a while before investing a lot in magazine subscriptions, you can buy a lot of good books for the price which provide enjoyable and instructive reading.
For small engines and simple boilers I would recommend Stan Bray's book and the two books by Tubal Cain ( building Simple Steam Engines Books 1 and 2). It is a truly lovely experience when your first simple steam engine bursts into life, you can graduate to more complex work when your confidence improves. It is all too easy to try a complex engine and give up in frustration when you realise your experience is too limited to succeed, it is best to try a few engines using bar stock rather than expensive castings as mistakes are much less expensive. Once you have mastered these there are some good projects making Elmer's Engines, but you need quite a bit of experience as the instructions are limited and expect you to understand sequencing of operations for example.
There are a couple of basic engineering courses running in MEW but I would recommend the books by Mr Hall as a good basis which encourages you to make good practical projects which are of use in the workshop – I have made several, the most useful being his tool and cutter grinding device. ME tends to be for more experienced modellers but there are occasionally projects for beginners.
After a few projects are completed you could try an intermediate project such as Bogstandard's excellent 'Paddleduck' which has pages and pages of excellent instructions by the man himself and is also built from barstock. In fact I would recommend reading his project (free download) as it contains much advice on basic machining techniques. John (Bogstandard) has been immenesly generous in providing this excellent and inetresting work.
To Quote:
"This is not just a set of free plans for a working model steam engine. It's a well-written, well-organized, profusely illustrated 113-page tutorial "
Most of all, enjoy the hobby, don't ruin your interest by being over ambitious initially.
Best regards,
Terry
Edited By Terryd on 16/01/2013 10:05:26