First off, if I am correct,you are asking what a professional blacksmith is. I am a full time working smith. I have a fully equipped modern shop-air hammer, plasma cutter, mig, tig, lathes, milling machine, etc. I am what I call a general blacksmith. I do everything from fine hand forged railings to fireplace doors to sculpture to general fabrication and repairs.I also do the cut and paste railings cause there's a need and it pays. When I started I had grand ideas about being a blacksmith doing purely forge work. The cold realities of the word set in and you have to eat also. I was at last falls 3 day conference in Ashokan and had some conversations with full time well known smiths. They all said that they have had to do almost any job to make a living. I talked to Bob Bergman who made the comment that when he was starting out looking to make a living at this, he saw that the people who were able to work a reasonable work week (40-50 hours) and actually make a decent living were people who did it all. Bill Gichener was well know for saying "Never take down your welding sign." This is just the experiences I have had-if you can make a decent living doing just pure blacksmithing, more power to you and please tell us how to do it and make money.
Mark