If it matters - this would be my list of equipment.
My priority list, in more or less order of importance:
Drill press
Disk or belt sander
Band Saw, Horizontal or Vertical
Oxy / Acetylene torch kit.
ANY welder (Stick, Mig, Tig)
Air Compressor with impact tools.
Hydraulic Jacks ( at least 2) with stands (4 minimum)
Press, hydraulic or even a small bench mounted unit.
lathe ( at least 9" or greater )
Milling machine (Vertical) but I wouldn't toss out a Horizontal! ( love a shaper too!)
Plasma Table / waterjet / laser - 3D printing.