Same here. I'm willing to see if I have a diamond in the rough before dropping that $500-600 at the smith. So far, I've been pretty lucky with factory barrels. Only had one that wouldn't shoot from the get-go. 1 for 15 isn't too bad a percentage, if I say so myself. I'll take 94% positive results any day of the week.
$5-600! Ouch! I thought it was bad enough that the barrels are running $3-400!
I bought a decent lathe off of EBay for $800 and had to buy some tooling, but now I have equipment and a skill!
At $250 a barrel for the smith, you pay for it all in 5 barrels! If you get good enough, you could always do a few for friends and make some of the investment back.
... I feel like I need to throw this in here. I am not looking at taking on any additional work. My farm keeps me busy enough!