I like the flexibility I get from a Drill press, vise and what ever size bit I want to use. And BTW, I can also use these for other purposes and not just to cut blanks.
I agree with Randy this wood waste alot of wood and the pieces to start with would have to be a lot bigger to begin with. Over time the extra price of wood would pay for a bandsaw.
I got one or two of these separately on my very first order from PSI, but have never used either of them. Haven't found any wood that I wanted to try them with. I use Dario's method.