well jack before you make a major investment on tools....try a few kits first building a surf plug in shop class should get you A+'S i build plugs for a hobbie and here's some tools that i use
lathe, drillpress, chopsaw,bandsaw,oscollatingsander,combination belt/disc sander,iwata airbrush, autoair paints,devcon, twopart epoxt, waterlox marine wood sealer, a spinner to turn the completed plugs, drill bits, salty has real sharp drill bits [ a must have].......but if you have any questions the guys here are more than willing to help you out........welcome aboard and good luck