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I got the 8693 about 18 months ago. Has worked well for me. 3/4 hp, 19 inch between centers, variable speed, around $150. Have done several hundred plugs on it, plus use it for center drilling pikies (added a chuck and arbor for that purpose). I got a couple of cheap tools when I first started, then upgraded once I figured out the basics. Good tools are definitely worth it. A 3/4 inch gouge and 1 inch skew is all that I use. Robert Sorby tools are the good ones I picked up. Keep them sharp and they'll keep you happy.
Make sure to pick up a face shield before turning. A good filter mask is also recommended to keep the small dust out of your lungs.
As for multiple plugs at the same time, depends on the size of the plug. For the larger stuff, I agree with Newell, one at a time is best. I do some smaller stuff (under 3 inches) for freshwater fishing. For those, multiple plugs is best as it will give you more room to work. I did a set of four, 1 1/2 inch poppers the other day. Not sure those would have been possible one at a time.
Jigman
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