I always applaud an individuals' efforts to be self sufficient, I think there needs to be a lot more of this in our society today, but, unless you already have or this is just a first purchase in the direction of accumulating a "Machine Shop", just contract a competent one to do the work.

Now, if you don't already have a machine shop for which this purchase would only prove an accessory implement for, if your just determined, and particularly if this is just for seat "touch-up" work then I'd suggest considering "stones"! Their not popular any more, as they take an exorbitant amount of time, greater effort and knowhow with technique to achieve a proper result, that as compared to more modern equipment available; but "kits" also can be purchased used at auctions for a pittance. And with some familiarity and effort a fine result 'can' be had.

We still sometimes utilize stones, that for "touch-up" and "dressing", this on both heads where they really haven't 'used-up' the previously done seat work and even sometimes on new machine cut surfaces to lay down the surface. And then periodically an oddity comes in the shop that we don't have a applicable cutter for, so often for this out comes the stones.
They ain't all new fangled like some of the newer (more expensive) stuff, but you know, for quite a number of decades they were/have been what has cut probably more seats than anything else.

Scott.
P.S. Oh yeah, the guides need to be "good" first!
