The choice really comes down to how much your time is worth and what your hobby is. If your hobby is working on machinery and your time is counted as 0, then the conversion is the obvious choice. If your hobby is something else and you just need a tool for your hobby, then you should count your time to be spent on the conversion the same as you make in your employment, at least. If you're retired, then what you would be making if you were still working. That will tilt the decision way in favor of the Tormach, I suspect. You might also see what you can find on the used market. If you are patient you may be able to find a used 770 or 1100 Tormach for what you would have to give for a new 440, possibly with some tooling thrown in. I bought my 1100 used quite some time ago and got it and the tooling with it for a considerable discount. I would also warn you that the time it will take to do the conversion will likely be more than you think.