The OP has made his decision but to add to the discussion - if I had to choose (assuming I already own a few good and appropriate routers) between buying and setting up a router table system with a lift and buying a good used shaper for $ 500.00 that accommodates 1/2" and 1/4" bits/cutters, I would opt for the shaper. The advantages of either have been pretty well discussed above but my inclination in favor of the shaper in this case is for the extra (smoother) power, versatility of its capacity with small and larger bits and the price compared to a good router lift set up. I would still need to own a few hand held routers but the small shop shaper (if you have the room) is a great asset.
"... for when we become in heart completely poor, we at once are the treasurers & disbursers of enormous riches."
WQJudge