Always nice to see project ideas. Yet, to make a living while woodworking all projects need to be scaled up so that one can actually earn enough to survive and compete against the flood of Chinese imports and others. Substitute products made from plastic, metal or wood are a common place and normally cheaper due to mass production and human rights violations. Politicians don’t care about the disappearance of many of America’s Cottage Industries and most consumers don’t care as well.
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Spray gun: Not every woodworking job gets a film finish, but most of mine do. And of those, everyone will meet a spray gun. For a million reasons, including making finishing fast and fun, I recommend using a spray gun whenever possible. It will raise your game and make you n0t hate finishing. (Click here to read my thoughts on purchasing a spray gun).
If your shop is long and narrow, option 2 provides maximum space to the left of the fence for handling large sheets of plywood. If you often work with full sheets of plywood or other sheet goods, you might want to build the table saw into an extension table surround, as San Diego woodworker Pat Curci did in his small shop (see the photo). The surround offers support for large panels, as well as provides an ample work surface near the saw.