Thanks Darren!
I currently run 3 lathes, one engineering and one wood. Inside the engineering for
1) Turning blanks round
2) drilling and boring
3) threading (using tap and die)
4) turning metal
I use the wood lathe for
1) shaping the outsides
2) sanding
3) polishing (with mops).
The accuracy steps occur on both lathes (tends to be more length focussed on the metal lathe and diameter focussed on the wood lathe). I use my callipers a lot!
Cheers
Ash