Screw machine bits are my most used, but I only have them in fractional. I have a 115 pc set of Cleveland jobber bits that have been good but you're looking at some $. I think the recommendation for a number set, for a mini lathe, seems like a good idea. It will contain all the sizes needed for tapping up to about 1/4". Save up some $ for a good set of taps, nothing worse than snapping a tap in an important part. I really like the spiral taps but they are $$$. Spiral point would be a 2nd choice. Stay away from hardware store taps! Over the years I've had some expensive lessons in what not to do. Generally spot drilling first is a good idea.