Nothing works better than a lathe for this, as well as most other repairs. Doing a tip replacement by hand takes a long time as well, compaired to a few minutes done correctly by an experienced repairman or cuemaker.
If you want a professional job, then consider buying a repair lathe, tips, glues, etc,,,,,, and eventually you may learn to use it.
If you value your time, and your cue, take it to a competent repair guy. He'll do a nice job at a fair price. These guys in most cases have thousands of dollars invested in equipment, supplies, tips, ferrules, woods,,,,,,,and on and on. Support them.