I would say take the shed, you'll find some use for it. I have contemplated this question also. I have a 20' x 11' basement shop, thats quickly loosing space. If you live in an area with a harsh winters (say the midwest), does it make sense to heat the shop through the week if you are only working in the shop on the weekends? Or do you run the heaters just when you are working in the shop? What kind of heaters are recommended (radient, wood stove, etc.)?
If you decide upon construction lumber, you want kiln dry lumber. Green lumber will warp on you as it drys. Dig through the stacks and pick out the straightest, cleanest pieces. Generally, the boards that are sitting loose on the stack are those that other people left behind, as they sorted through looking for better. Be prepared to move them out of the way, and to dig down to the better stock. Be nice, though, and put everything back when you're done.
2 - use a plunge router with a bottom bearing cuter bit such as this from rockler: http://www.rockler.com/product.cfm?page=25160&site=ROCKLER .... I thought to use the short one as I plunge it directly downward in the centre of the hole until the bearing reaches within the tabletop hole. I suppose one could use a long one, but the stubbiness seemed more practical (the big bearing ensured accuracy?)
I'd decided on an oil-and-wax finish. Oil finishes are by no means the toughest. In fact, they're really rather pathetic, so far as protecting the wood goes. But they're easy to apply, and not even the toughest finish will stand up to the abuse that a workbench will suffer, so it's more important that it be easy to repair. Wax is usually used to add a high gloss. On a bench, it's there to keep glue from sticking.
Students in the beginning woodworking class learn how to use a variety of tools, including a band, miter and table saw, a drill press, a jointer and a planer. Through the lathe technology class, students become familiar with a number of cutting, scraping and finishing techniques. Successful completion of the course leads to a lathe certification for the wood shop.
Another odd design feature of the Windsor Design is its dog holes. While this bench provides a variety of dog holes and even offers numerous pegs and dowels to go along with it, the dog holes are not spaced as closely or with as much variation as you see with many other benches. Ultimately, this means that smaller workpieces may not be able to use the dog holes and pegs as well.
We are especially proud of Post Woodworking’s Brunswick style shed. It has all the rugged features and simple, beautiful mystique of a Maine coastline. Natural-wood siding options, in pine or cedar, offer a rustic aesthetic. Or, choose a vinyl color that complements our home. Once inside the Brunswick, its unique, two-sided sloped roof maximizes headroom, making space for you to better maneuver a rake. Black architectural hinges and hardware lend distinguished contrast and quality to this basic but appealing storage solution.