Superb equipment is available. IF you are prepared to pay for it.
Because industry has a demand for it, and is prepared to pay the price for the material, the, design and development time, quality of machining, processing treatment and inspection, and testing, industrial machines are very costly, but good..
Industrial equipment id expected to "deliver the goods" precisely, reliably, and consistently when worked virtually 24 /7, to its limits, for many years.
It is unreasonable to expect a £800 hobby lathe to match a £40,000 industrial machine for capability, consistent accuracy, reliability and durability..
Nor is the machine likely to be installed or maintained as well as in Industry. Your shareholders want to take care of a large chunk of their money.
In Industry, equipment is regularly maintained and calibrated.
I use measuring equipment some of which has been rejected as out of spec.
I think that i can live with a vernier height gauge which is 0.002" over 18", (an error of 1.1111 x 10 ^ – 5% ), in a shop which is unregulated in terms of temperature and humidity.
You do not expect a bottom end of the market car to match or supercede a Rolls-Royce do you?
If you want to measure bores; which is the hobbyist likely to buy; a £120 bore set, or a Swiss made Compac with a $5000 price tag and a 6 month lead time from order placement?
One is likely to be used, perhaps less than once a week, on average, the other all day and everyday in an environment which is extremely exacting in terms of accuracy and consistency.
Howard