VFD

I‘ll just be running the lathe with this VFD. I want a mill so bad I could spit end mills but I just don’t have the space for one.

Unless I hit the lottery and build a bigger shop or I get rid of some of my hoard of CRAP. That hasn’t happened since 1979 so I don’t see it happening now.
FIY, if cash strapped, you can run multiple motors off a single VFD if the combined HP isn't larger than the rating. The drive just sees a larger load. Often done on large conveyor systems but I don't know how you would utilize it in a home shop.
You can also use a single VFD to control multiple machines one at a time buy switching motors in and out of connection while un-powered. VFDs typically don't react well to switching loads in or out on their output, while they are energized. Bad juju.