If it is only for practising with then Rigid PVC is great. Turns to a lovely finish, can easily be solvent welded if you want to make any assembly, and is not as expensive as Acetal/Delrin. If you are going down the indexable tool route then use the inserts designed for Aluminium/Plastics, CCGT would be good if you are a beginner as they will allow you to turn and face with the same insert. Nylon 6 and 66 are also good. As has been mentioned Delrin [and most other plastics] can be a pest to drill, will grab at any opportunity. watch out for that.
Direct plastics have a great range and service [ no interest other than a satisfied customer ] Their website is great and will give you loads of info.