Thinking of building a bike. I have some experience with this sort of thing. For fun I restore old wood working machines. My question is if I can save money and end up with a better bike by building my own? My budget for a new bike is around 600 dollars, so could I spend that money on parts and get a better bike in the end?

This is probably not the right forum because I do not want to build the frame but use a pre-built frame. I just could not find a more appropriate forum.

Regarding tools, I have no bike specific tools but I have everything else including a six ton hydraulic press.

Any guidance would be greatly appreciated.