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If you have a compressor I would say an air nibbler for sure, something to cut your metal without making a mess. Check out harborfreight.com and be sure to go in with no less the $500! Most of their stuff will get the job done but keep in mind, in many cases it'll be 30% or less of what a snap-on tool costs so while you get what you pay for most of it is just fine for the home hobbiest.
Also, metal working is a hard one to encompass as a lathe will run you $900 but I doubt you need that, I would get a pipe bender ($125) and some sanders, cutters and other things along those lines and you should be set for most jobs. Oh, and a cut off saw, like a chop box but a bigger wheel for metal.
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