One caveat to that. When we moved up here, my 100amp Oxford buzz box would occasionally trip the circuit when it was switched on. A knowledgeable electronics Prof ex-colleague explained to me that the big inductance of the transformer meant that on start up, it could look to the circuit breaker as though it was presenting negative resistance (I think that's what he said) hence a momentary very high draw. Running it off a thick extension lead seems to provide enough resistance on start-up to avoid the problem, so that's what I always do.
One other tip; if you do metalwork in the same shed as your woodwork, be *****y careful about sparks, and ALWAYS do a good check when you've finished to make sure nothing is smouldering. Of course, if you have a squeaky clean, sawdust/chip free shop, you should be OK!