Curt, if I wasn't already flush with storage, I'd build a cabinet for this new to me tool, too, and I agree that's a great way to handle both functions in one space. For this machine, I'm not going to bother...the shelf is sufficient for now and if I really feel the need for more enclosed space, I can plant a cabinet on that shelf without changing anything else.
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The most expensive tool is the one you buy "cheaply" and often...