Doing tips
Mike you are a pro, no question.
A good lathe with accessories, what, north of 2k? Hand tools >$40
A fine job can be accomplished, with some practice, by hand or lathe. A knife isn't going to damage a ferrule nearly as quickly as a lathe.
My experience comes from amateur woodworking not pool cue tip work so take my comments for what they are worth.
Look at the thread I linked above, I wouldn't be embarrassed to have a tip like those on my cue!
I bought my first lathe for 500 bucks used with all the attachments.
I went to every bar in town and said I would replace the tips on there bar cues for 6 bucks apiece..
I repaired 600 dollars worth of cues in the first 3 weeks of owning the lathe.
Right now as for as I know a lathe is still the best tool for the job.
Before the lathe I destroyed one of my own shafts because I sanded on the shaft and ferrule.
Cost 170 bucks. down the toilet
I also had taken one of my cues to a pool hall and let some guy who thought he was helping me replace a tip and destroyed one of my shafts on the lathe..
Costs 150 bucks down the toilet.
There are hidden costs in everything.
Please put yourself in my shoes, when the DIY guys screw up there tip replacement job and the shaft goes to some one with a lathe to fix it like me, 99% of the time the shaft needs a ferrule and new tip and some times the shaft might need to be made shorter by 3/8 of a inch to 1/2 inch.
Some times the shaft needs replacing.
I really don't like giving bad new like I had to replace the ferrule and the cost is 40 bucks more.
Or tell the customer that who ever had been replacing the tips by hand destroyed your shaft.
I had to send my cue back to the factory to have a new shaft made, that took almost a year and cost was 150 bucks plus shipping.
I just want to be happy and play pool, I don't like to see people struggle with maintaining there cues,
I don't like seeing knew guys to pool getting ripped off or have there equipment destroyed regardless if they destroy it or some one else does.
Only thing I can do about this is to offer safe and sound advice and make sure my work is as perfect as possible and honestly I have made a few mistakes to.
It is easy to screw up a ferrule or shaft if you make mistakes regardless if you are doing it by hand or using a lathe.
The big difference is the guy who has 2k invested into NOT making a mistake to the guy who has 40 bucks invested into NOT making a mistake.
I have several lathes and all I want to do is to fix or replace the tip or ferrule and go on my merry way.
Not sit there for hours hand filing a tip and make sure I don't get into the ferrule.
For me a lathe is the fastest, most accurate easyist and is the safest.
It also the most costly in the beginning and also will generate to most amount of prophet once it has paid for its self....