I have been enjoying my DIY Frankenstein lathe. It has been great for shaft cleaning and tip maintenance. I've installed a few tips on my own cues and have since ventured into installing tips on some of my friend's cues.
My original dream of doing more advanced work like ferrules were dashed upon the rocks. The runout is impossible to control or maintain. The experiments I tried on an old shaft were a disaster. It is fine for cleaning and tips, but that's about it. A guy on my league had a tip pop off and he asked me to put a new one on. Once I got it home, I saw the ferrule was loose, so I figure that was a major contributer to the tip popping off. The ferrule already had some bad gouges in it, but no cracks. The guy said it was just a cheap cue, and to just use it. I glued it back on and cleaned it up as best I could and installed the new tip. It will work until he is ready to get a better cue.
Is there a point to this? Yes, had I the right equipment I could have easily done more for the guy. After agonizing over it in my head I did what I knew I would do eventually all along. I put in an order for a Mid America Large Bore lathe. This was just the nudge (excuse) I needed. I've been wanting one since I did my first tip install. Besides the additional repair possibilities, I would like to try my hand at making some joint protectors too. I accept this is just a hobby expense and I will probably never re-coupe. We'll see where it goes...