Buy a mill drill with a #3 morris taper not an R-8. I think you can get a fairly big one at house of tools or places like that for $1400 or so. You want as much travel as you can get on your table.
Uhh... "Morse" taper. It was the fella's name.
I'd normally recommend against the Morse taper mills in favour of an R-8 taper, but there are pretty good points for both.
I'll start by saying that, by the time you become confident and reasonably proficient with any benchtop machine tool, you will have a well developed sense of humour, a great deal more patience than you started with, and a deep appreciation for sharp tools!
The work cube of the benchtop machines is small. It does a body good to make up some cardboard boxes that are the size of the work envelope of the machines being considered. Makes an easier comparison, when all you have is a specs sheet to go by. Consider how much of this room is needed for work holding and tool holding, when you consider the siize of machine that will work for you, too.
Consider the cost of tooling. Expect to have at least the amount you spent on the machine, in accessories and cutters, by the time you get rolling. Not right away, but each time you get stuck because you don't have a _____ , you start to see how it gets a bit loopy.
A decent vise (got enough vices, thanks!), a boring head, tool holders, a rotary table, an indexer, etc., etc.
Then you need the actual cutting tools themselves. Cheap ones are OK for some things, good ones break just as easy as cheap ones. A couple decent carbide end mills, once you have the confidence to use them...
IIRC, the Grizz mill is the one known generically as an X-2 or X-3 mill. Lots of good stuff being made on them.
The Busy Bee one is what is known as an RF-30 mill-drill. Same. Lots of good work on them too.
Don't sell short the idea of drawing your parts out and cutting to a line by eyeball! It isn't glamorous, but it beats heck out of files and a chisel for moving metal. Learning how to run a good set of files is a great skill to develop too, BTW. Complimentary skillset to using a mill. Just another cutting tool for metal, eh.
Allright. Morse taper vs. R-8
MT Pro's :
-low cost tooling available
-large drills fit direct into the machine taper
-interchange tools with the lathe (yep, you'll want a lathe too)
Cons:
-Pretty much only low cost tools available (quality levels vary)
-self locking taper. Sometimes requires a solid whack to release. Tough on spindle bearings.
-limited selection of types of tool holders available.
R-8 taper has been in use for 80 years or so, and is(was) the standard tool type for a Bridgeport mill.
I cannot think of any Cons off the top of my head. OK, one. You have a tough time using a large Morse Taper drill in an R-8 mill, due to the length of the adaptor required.
Pros:
-available in huge variety, almost everywhere. From cheapest to best quality.
-There is a lot of good, used tooling available. It is resellable, trade-able, upgradeable, to a much wider field of view than Morse taper mill tooling is.
-taper releases far easier. Not near the beatings required to get the tool out of the machine.
-Quick change tooling. Tormach Tool System. Neat system uses a modified Collet to hold tool holders. Worth a look.
-collets will hold tools. Allows maximum use of the headspace available
-Did I say huge variety? I'll say it again! Huge!
All that said, I really like the RF-30 style mill drills, round column and all. If gotten in a Morse taper, they make a great heavy duty drill press, something that is tough to find for less than the price of a new car these days. If you get the R-8 version, drilling is pretty much limited to drills that will fit into a chuck or which have a shank that will fit in a collet or tool holder. In a perfect word, the RF-30 would be bolted down to a bench that would allow the head to be swing around to use it as a drill press on one side and the mill table could be left with a vise on it, or whatever. Just a lot more general applications for one.
The X-2/X-3 mills can be hacked into a pretty reasonable CNC machine, and the collective knowledge base is huge, too. Having a small work envelope is only limiting if you decide it has to be.
Doesn't matter what you get though, the rule of thumb is that the machine you do get, you will find it too small. Happens!
Read, learn, try things (that you thought out a bit first, hopefully) break a few tools, make a few chips, and have fun!
Got Home Shop Machinist magazine yet? You should. Lots of good articles, lots of ads from dealers that don't mind dealing with the hobby guys. They (Village Press, the publishers) also sell hardcover books of the collected works of different authors that they have published over the years. Lots of plans for DIY tools and tooling, if you are willing to go that way. Great way to get an education, while building the capability in your shop.
Oh yeah. A plug for the South Sask guys that may be interested in checking out some hobby machining stuff. The Estevan Model Engineering Show is coming up. A bunch of great guys with their hobby on display. Subject matter ranges from steam engines, all through the metalwork realm. Casting demos(usually), last year had a home made jet engine, a couple years back, an Engraver by the name of R Ronnie had a bunch of his stuff to show. Interested? Bang EMES into a search engine along with Estevan, and you should get all the info you need.
Cheers
Trev