I bought one of those Craftsman wood cutters about 7 or 8 years ago, was disappointed in it - I would imagine they have improved a lot since then.
The issue I had was with detail and size, it would cut a 1/3 size luger from a scan that I did of my own luger, worked decently, but not as nice as I'd like
I would bet you can get a nice one done right nowadays!
Hey, the USMC never made 1911's