Well I am looking at the T8 and a set of Naniwa water stones to use in combination with each other. I have never sharpened my chisels beyond the factory edge. Only used some sand paper to try and I emphasize try to hone the edge a little. I want to get a couple of hand planes also. I have strictly been a power tool wood worker with an occasional chisel here and there. I did a lot of research and I found out that just the Tormek T8 will not do the whole job by itself and that you need to final finish the edge on a good set of Waterstones after the Tormek is done grinding.
If I get the tormek I can also sharpen knives as opposed to strictly using a honing guide for chisels / Plane irons.
As for the cost I can spend close to $500$ bucks on a Lie Nielsen honing guide and a quality set of water stones so I thought why not just get the Tormek for a little extra and be done with it.
Any comments welcome.