See I thought maybe you were a retired guy with a boatload of time on his hands. So now you are saying that the odds of success are even lower! I will tell you that my homebuilt machine with getting lots of parts really cheap, table for $99, 4 precision ballscrew slides for $1200, control enclosures for $25 each, power supply transformers $20 each, PLC for free, Aluminum extrusion framing for free, etc. and I still have spent nearly $10K! Remember you are trying to rebuild a machine that would cost about $100K today. All the parts are priced for the $100K machine, not for what you paid.
Not that I ever make these kinds of mistakes. I have a 1986 boat I paid $6K for, that would today sell for $85K, and yes every part is priced for the $85K boat not the $6K one. The boat hasn't been in the water in seven years, and I just spent money building a cradle so I can bring it home in the hopes I can find the time to put it back together.
It is unfortunate how difficult it is to learn from the experience of others. I watch people doing things that have never worked in the past and as they do exactly the same thing they tell me how it is different. The only thing different is their lack of experience to recognize they are doing the same thing again.