Hi Zooma
I have an old Faircut lathe that i've made a few airgun parts on, the trouble is that my shed at the bottom of the garden was rotten so I binned it and now all the stuff from the shed is in my garage so I can't get to my lathe (or any of the other tools come to that )
Myfords are brilliant lathes and as you said, with all the right tooling you can do allsorts!!!
I made some custom parts for my Ratties on mine..
Cheers, John