Coop, one thing I've learned, is it takes more than one lathe to do what we want. I currently have 4 - 2 wood lathes and 2 metal lathes. I want 1 more metal lathe that has an 1-3/8 or larger spindle bore. I still haven't made a sellable complete cue yet, but I do alot of repairs, or making shafts. I started first by doing shaft cleaning on my Dad's Toolcraft lathe, then progressed to buying an atlas 10" metal lathe and did tips and ferrules, then realized I wanted to make cues, besides repairing them. I am currently working on a CNC kit for doing inlays. It has been a long road, and it seems longer on some days more than others, but I don't regret buying the lathes I have, as I have found uses for all of them and it does make it easier. If you buy one lathe that does all the functions, you want to take on more work, then that lathe is tied up, and unless you have another lathe, you have to wait for glue or finish, etc. before moving ahead, and then have to re-setup for the next step. Or you can have a few machines that you have acquired as you go, set to do specific tasks, and cuts down on lag time. I usually either have no cues to do, or I have 3-4 at the same time, so having multiple machines means I can do multiple sticks at roughly the same time.
The Jet mini lathe has an indexing head, which is a big plus in this field when coupled with some jigs for certain tasks, My advise would be to pick up this one and then a mini metal lathe, work with them for a while, if you decide to drop it, you can sell them and get most of the investment back. Both bought brand new willl be under $1000. The other side is, you'll keep them, and add more machines as you learn and go further. If you want more info about these lathes, etc. feel free to PM me. Which ever way you go, good luck and happy cue building,
Dave