Little more on that
I have been smithing for almost 8 years now. when I first started doing gun work, a lathe was only a pipe dream of mine and a Mill was even further off down the road. I did good work and learned about the guns as I went along. As to whether or not a smith can do good business without a lathe, yes he can. Can he do better work using a lathe, yes and no. A good man with a lathe can do a lot of work that cannot be done any other way. Now a days, they are making tools that you can use without the aid of a machine simply by turning them with a wrench. Lathe work and gun work are sometimes two very different animals. If a mchinist wants to be a gunsmith, he will still need to learn how the guns work. If a gunsmith wants to learn to use a lathe, he will have the knowledge of the gun already, and will have to learn how to run a lathe. These two don't necessarily go hand in hand, but both will benefit from the other. Since I went back and learned how to operate machinery, ie the lathe nd the mill, I feel my knowledge has increased, but the lathe didn't increase my knowledge of gunsmithing, only simplified how I do a lot fo my work. If you are a machinist and want to learn how to be a gunsmith you will be in the same boat in that being a machinist didn't make being a gunsmith any easier, it just made how you do the work simpler. I farmed out machininst work for years, even before I became a gunsmith I operated a welding business. I farmed out the machinist work and charged what it cost me and still made money on my labor, you can do the same thing as a smith. Can you make more money doing it yourself, it just depends on how good you become. If a man that does the machine work everyday can turn out the work in 1/2 the time, I would say you were better off letting him do the work if he charges you a fair amount for the work. If you become good at running a lathe and mill then by all means you can save time by doing the work in house, it just doesn't mean you make more money necessarily, just that you do the work and know how it was done. You have to weigh the expense of the machinery, plus the electricity to operate it, plus the down time of the other work in the shop versus what it costs to farm it out. It will normally be very close in expense, and you will have to decide if it is worth it.