Hi Greg,
I'm in Sth Akld (Pukekohe area).I've only recently started building my first machine (a Prusa i3 in my case)
You've askied a few question, so here's MY take on a few answers. Interpret them as you wish.
Q1: What unit to build?
A1: Whichever one you choose to. There are several designs out there for you to choose from. Even once you've selected a basic design model, you can customise it a bit to suit yourself. (In my case I chose a longer Y axis).
Q2: What parts are required?
A2: All of them! (Sorry, I had to be cheeky). You'll want to lookup a BOM (Bill Of Materials) for your chosen machine. Given that machines are often customised by the owners, the BOM is more of a 'guidline' than a strict list. Also, the parts rapidly evolve as users design new bits for existing machines. If this sounds too hard for you, then consider buying a full kit instead (which will include the pertinent parts to build a specific variant).
Q3: How long before I can print?
A3: That's a hard question as the answer isn't fixed in stone. If I had ALL the parts I needed, I'd guess I could have built the I3 I am working on in a few hours. However, I _want_ my build process to take some time as that's part of what I think is the FUN aspect. It also spreads out the dent in my wallet.
Q4: How much will it cost?
That's somewhat dependent upon which machine you select, and your DIY abilities. For example, if I had a lathe, I would build my own hotend and save myself around $100 from my total spend... I'd suggest you budget somewhere around the $1k mark, but be prepared for the actual figure to deviate from that by +/- 50% without so much as a blink of the eyes.
Q5: How hard is it to convert a reprap to a basic CNC?
A5: It's harder than boiling an egg, but easier than designing a space shuttle. Having said that, I will be doing exactly that once I'm done with my first machine. (I'm treating my first machine as a 'self learning exercise').
It'd be quite easy to just strap a spindle and tool onto the X carriage of a rerap and call it a 2D CNC router engraver, but I want 3D. I also want decent accuracy despite the fact that I'll be adding significant mass to the X carriage, so I'm expecting belts just will not be suitable. etc etc.
Good luck Greg...
TvB