Not many magazines are milled. Or are you referring to making the dies to form magazine parts with a press?
Yes I'm referring to making dies to form magazine parts.Firing pins,extractors and other small parts shouldn't be too difficult to make on small inexpensive equipment or am I missing something?
Rob
Yup. You are missing the basic bits of information you need to avoid pounding good money after bad while chasing after the goal of building all those different parts successfully.
You really need to buy or borrow ( public library, friends) some books to get sorted on the machines you will need, what they can be used for, and which tooling you will need to use with them, in order to accomplish what you say you wish to.
For basic lathe work, the South Bend book, How To Run A Lathe, is a good start point. Technology of Machine Tools, by Krar is a good basic how-to and reference for general machining processes. Then you need to get sorted out on sheet metalwork, pressdie manufacture, spot, and other types of welding, spring forming and making, heat treatment...Well, it does go on and on.
The largest problem is going to be the combined learning curves of trying to figure out why the stuff you bought does not result in a part or tool that works for you, both in the machining (which has some very distinct 'gotchas', and in the sheet metal side, which has it's own fine mess of ways to screw up perfectly good stock and turn it into scrap.
It isn't just about having the tools themselves. You need to know what to do with them, what you need to have to be able to do useful work with them, and most importantly, in the case of small and benchtop tools, you need to have a pretty good idea how to make them do what you want them to, when they really were not built to do what you may think they were.
Your stated aims are pretty much a full shelf of very thick books worth of knowledge, all crammed into one little shop space.

It can be learned, but it's gonna test you!
Cheers
Trev