A few months ago, I mentioned on here that I had some projects in the works which would involve a lot of raised panels. Long tired of making them on the table saw (cove method), I asked about the merits of router and many passes versus a shaper. Of course, the consensus here seemed to be "get a shaper". Thats fine - I like tools.
Well, I have been obsessed with hunting Craigslist for good, used shapers. Twice I just missed out on a powermatic. Other than that, these seem few and far between. Budget is of course a concern, hoping to stay under 500 or so for the machine. 220V would be a little problematic, since I would have to run an extension cord from the oven, but doable.
My question - there seems to be a glut of mid 50's Delta "HD" shapers (Model 43, I believe) around here for a good price. The machines look great, large tables, enclosed base. However, they are all just 1HP and 1/2" spindle. Should I continue waiting for a bigger machine, or blow my shaper budget on one of these? As always, thoughts are much appreciated.