Personally I'd go for the quench oil and parts for your press. Unless you want to work with a lot of stainless I'd build a gas forge specifically for heat treating before I went with an oven. If you are going to go to the trouble of building an electric oven yourself I'd go for building a computer controlled salt pot though I hear the salts can play hell with the electric elements (so I'd probably go gas there as well). Heck, that's the trouble with having more wants than money available! It makes you decide what you really "need" over "want" and that $600.00 will dissapear fast!

I'd have to add that I'd like a heat treat oven also but as I mostly use the simpler carbon and low alloy steels, anything dealing with forging, manipulating and heat treating those steels would take precedent for me not that you can't use an electric oven for the simple steels too, it just seems like overkill, but it would allow you to carefully controll some of the more sensitive time/temperature operations like careful annealing or spheroidizing as well as soaking at austenitizing temps. Well, that was helpful wasn't it!
Funny how when you think about it you run in circles isn't it?

I've got a couple of venturi style burners and a few forge bodies laying around, so I could probably already put together another forge (heck, I've even got a solenoid operated gas valve if I wanted the controller attached to it! Wait, that's starting to sound like a salt pot...I've got a tube of 316 welded shut on one end too....Ok, add one extra controller to that list...building a salt pot

). Having a proper electric furnace will give me (to my way of thinking anyways) more precise control over temps. Specifically, if I want to anneal O1 it'll be a BIG help. I don't currently work with any stainless since I forge everything, but more options are good options right?
Uh oh, I think I just spent my $$:
- 2 or 3 digital process controllers (there's 2 of the model I already have on ebay cheap right now)
- Half a metric ton of firebrick from Darren

- Some angle iron and sheetmetal, door latch, etc
- Relays and switches and wires, oh my!
- 5 Gallons of real quench oil
- thermocouple probes
And the maybe pile:
- Blown burner kit from Darren (for a low-temp salt pot for tempering maybe? I really like Darren's burners. Or do I go for more firebrick and go electric?)
- More steel from Kelly Cupples (need some thinner stock for damascus)
- More handle material (I'm a sucker for a pretty burl...)
- Some "little" tools like a 'hawk drift/hammer drifts/etc.
Hrmm...if I do build a digital oven, I'll do another thread like my grinder build.
Of course, I could short circuit this if somebody wanted to sell me an evenheat for $500
-d