Thanks for all the good answers. I pretty much sold on getting it now. I like the idea of machining hardened parts since I enjoy making my own tools. The cylinder head resurfacing aspect was a clincher for me. How about aluminum heads? I presume a special wheel compound would be necessary.
RBeckett, the word perfection is in the top of my vocabulary list. I do things for other people as I would want them done myself. Usually this isn't a recipe for making money unless you have the right customers. I work in the aerospace field designing electronic motion controllers for spacecraft I (satellites, planetary probes, etc). NASA, ESA, etc demand perfection and I am not ever pressured to cut corners. BTW, what is LMK?
George, as far as sharpening end mills, there is a fixture available that positions the mill for end sharpening. While I'm sure it isn't an optimum solution, I plan on building a Bonelle sharpener in the future to address your concerns.
It occurred to me when Blue Chips mentioned making spacers and washers on his that a grinder would be perfect for making my own shims.
Bill mentioned planer knives and jointer blades. I have both machines, but am usually anal about what goes through/on them so I haven't needed to sharpen the blades apart from a light stoning.
It's a Boyar-Shultz 6x18 hydraulic automatic grinder - Challenger model. $600 is the asking price. Is that as much of good deal as I think? It doesn't appear from the photos the seller sent me to be in bad shape.
John