Whilst I have every sympathy with folk who point out how things were done back in the day with minimal measurement capabilities by exploiting cut'n try, hand finishing and careful fitting its a slow old process. Partly inherently and, more importantly, due to the sheer amount of time it takes to learn to be good at it. Not to mention the waste of inevitable do-overs.
Inescapable in 1920 'cos the equipment to do better was unaffordable. Not so in 2020. These days the same relative expenditure to the left over fraction of a 1920's working mans wage that (eventually) mounted up to a Drummond round bed or similar pedal lathe and basic rule'n scriber level measurement gear will cover something adequately accurate, with dials and a decent mike, vernier et al.
Fair enough for folks who have worked old style for many years and attained appropriate skills to continue in that manner but anyone considering starting out today with a "cheap" Portass, Drummond Round Bed, Pools, Zyto, Grayson et al found in a shed has to be out of their mind. All of which I've used or at least kicked the tyres on.
Bluntly those things were crap when new, and even crappier now in old age, but when crap was all you could get you made the best of it that you could, cutting your ambitions to suit your cloth. Probably a Stuart or similar set of castings, maybe the ME beam engine if a little more ambitious. Even a Tich would have been a stretch for one without work honed skills. These days something like SouthBend, Atlas, Myford, Boxford or one of the better imports with proper dials has to be the starting point.
Learn to work off the dials so everything fits first time and reserve the handwork for places where its inescapable. Lapping pistons into bores et al.
Jason typifies the modern way. At his levels of productivity there is no time to spend on handwork when reading the dials or DRO will do.
Amateurs seek perfection. Professionals make it to fit first time. It may be a hobby but being a bit professional about things seriously cuts the frustration factor. Frustration may be said to be good for the soul but mine is doing just fine on the amount inevitable to life without seeking more by doing things the hard way on the hobby side.
Clive