I "get" how desperately you want it to work. You can ask all the questions you want, and yes, if you do enough work, you can eventually punch through with a rock. Really, what you need to ask yourself is, do you want to make do with crap, or can you just hang on, watch Craigslist and yard sales, and save your pennies?
These internet forums create a ton of peer pressure. Everyone get to thinking they NEED all this crap. I bet 80% of the guys posting haven't lit a fire in a month! Same with firearms forums. When I'd meet some of those folks at the range, it was pretty obvious they spent a lot of time on theory, and very little on practice.
Not to say I'm some great smith or that I'm in the fire every day, (it's been friggin' COLD here, and I don't have a shop right now) but it's just kinda how things work, as I see it.
I STRONGLY recommend looking into a Shopsmith with a bandsaw attachment. Lotsa power, variable speeds, modular, and great bang for the hobbyist's buck. AND, since people are getting more and more useless, used ones are getting cheaper all the time! I got mine for $175, then went and test drove a truck to get it home, back when I had an Explorer. :rolleyes: