Repurposed materials are taken from their original intent and utilized in another fashion. This refers to barn beams or siding, old wood floors, paneling or even wood pallets that had an original purpose, but are then transformed into something completely new. The possibilities are endless, as every repurposed piece has a little piece of history that comes along with it, and gives unbelievable character to the new project.
Your moisture meter should have settings on it that will account for different species of wood. For instance, oak is a hardwood, but ebony is an even harder density wood. If you are planning an inlay job using both types of wood, you will need to know the moisture content levels of each of the two species so that your inlay glue joints will stay intact. These different wood species have different specific gravities, which must be used or programmed into the moisture meter.
On the 100/300 grit combo stone: absolutely, positively NO – and I’m a woodworker by training who sees sharpening of tools as a means to an end and not as a religion. DMT bench stones are soooo cheap in the US (they cost as much as 3 times as much in ROW) that you should not waste (expensive) time with Chinese carborundum stones or EZ-Lap …err … junk.
I wouldn’t give up on Craigslist or garage sales.. For around $1K or less, you can pretty easily find the four big ticket items (TS, BS, Jointer and Planer) and have the extra $2K to spend on accessories, material, DC, other goodies, etc. The key is patience and persistence, and if applied correctly, you can have a fantastic setup for very little compared to purchasing new. If you are setting up a business, you don’t usually have the time to scour for good deals, but for a personal shop, there is no pressing need other than that itch to get something done.