Hey, Fixer,
You can do some fine work on a Shopsmith. I have had 3 of them over the last 30 or so years. My first was a 10-ER that my father in law gave me in the early 70's that he bought in 1950. It had belts to adjust the speeds, an 8 inch blade, a 3 inch jointer and some other attachments. I learned my basic woodworking on it.
Then in the mid 80's I bought another Shopsmith used, a Mark V from a guy I worked with that was virtually brand new. It had the variable speed drive, 10 inch saw blade and all the bells and whistles, at least for me. I used that tool to build lots of wooden toys and small furniture projects. I also did a little turning with it for parts of toys.
Then about 10 years ago I bought my third Shopsmith a Mark V 500 with the new larger table and fence. This one was also used and included a bandsaw, a 4 inch jointer, a 6X48 sander. I taught myself woodturning on that tool, doing my first bowls and such. It still sits in my shop and is my drill press, horizontal boring machine, 12" disc sander, mortising machine, drum sander, shaper and much more. I built a lot of boxes, turned a lot of stuff on that machine as it served as my training lathe until 2002 when I bought my first actual lathe. I have a free standing table saw and other full sized tools in my shop but my Shopsmith still does lots of valuable work for me.
People have a tendency to look down on the humble Shopsmith. It does have its limitations but in the hands of a practiced and skilled user it is capable of doing fine work.
Enough of a rant, welcome to this forum and enjoy!!!!