The first thing I ever built in my rudimentary shop was a router table. It has turned out to be the only thing in my shop that I have never considered upgrading. I now have a commercial shop with all kinds of 'old iron,' some pretty impressive machines. It's still my router table that most people bee-line to, asking me about it.
Way back when, Rockler used to have 25% off one item coupons. Walked in one what must have been slow night and asked if I could buy a JessEm set up, three pieces, all for the 25% off. They agreed and I walked out with one of their master-r-lifts which had a phenolic top, a master-r-fence and master-r-slide. Built the base as a modified version of Norm's. The fence is rock solid, the top has never moved, the slide is great for coping, but MOST OF ALL, it is KEY to be able to raise and lower the bit with a simple crank of the FRONT handle. I've used tables that you need to insert a handle into the top of the table to adjust the bit but those are a major pain when you have all kinds of feather boards and or stops clamped down, especially since your 'feather board' is most likely clamped right over the opening for the insertable crank.
I know JessEm has gone through a bunch of changes since my 'old days' but checked their site and it still looks as if they carry versions of this set-up. Probably wouldn't be cheap but, like I said, it's the only thing in my shop that it has never crossed my mind to upgrade, so maybe cheap in the long run.
Below are some pictures of a set-up for some doors I was doing. When length is a problem, I just set the table next to my miter saw table for outfeed and then use some sort of rigged infeed.
front.jpg side.jpg infeed2.jpg infeed.jpg stops.jpg mortise.jpg
Sierra Madre Sawing and Milling
Sierra Madre, California