I second Wookieboy's advice on bench PSU. I haven't got one and cobbling together ways to deal with that are a pain. Oscilloscope is good too, I do have one of those... HP Agilent 1740A. Old, but cheap way to get reliable 100 MHz dual trace. I avoided the other cheap route, Tektronix, because they use fans that draw crap in that ages the plastics and makes them horribly unreliable, but the 1740A is sealed, fanless, so lasts years longer and will likely hold its second-hand value better too.
Somethign not on your list: SketchUp. You can turn models around and zoom and such, see things you might miss any other way. You can print deck markings to paper with a cheap laser printer like HP Laserjet 5N (which is good enough to print to polyester film for prototype PCB's too), gluespray them to metal to do extremely accurate markings and protect the surfaces from swarf gouging, etc. White spirit removes gluespray easily afterwards.
For small work I have a Proxxon drill and stand and a milling table. Total cost is 200 quid or so for those. Not so vital probably, but useful if you extend to prototype PCB's and other small scale stuff that wants high accuracy.