I finally bit the bullet, after 10+ years, and bought a manual mill and lathe.
They're both from Precision Matthews, a nice little company to deal with in Philadelphia, PA.
Precision Matthews 1127 with a large spindle bore, meaning I can turn rod and pipe up to 1.5 inches in diameter in the headstock.
Precision Matthews PM-25 MV. It's a pretty substantial benchtop mill, comparable to the Grizzly G0704.
Pro-tip: Don't use carb cleaner on thickly-greased painted machines.
Seems real effective, at first, until the paint starts peeling up.
Oops! The lathe now has that "personal" touch.
What, you don't keep weapons handy in the garage? ;)