Sparey's book on the amatuers lathe is good value. A cheap 16mm set of TC insert tooling is offered on TradeMe which is perfectly useable. I keep a good stock of HSS which is good to grind into form tools as required. A QC toolpost with a clump of extra tool holders is a real time-saver. A circle of 25mm steel plate won't cost much from your local profile cutter and will make a good backing plate. When it comes to drills, milling cutters, etc. then always buy good respected brands - dearer to buy but better value in the long run.
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