I`d go for a Peatol Nick - like I said in an earlier post, bang for buck they are fantastic. If you had £350, you could get a second hand one off ebay and then with the change (which would be a considerable amount), you could pretty much purchase every assessory you would need! Saying that, one sold about 3 weeks ago on ebay, £180 full working order machine and absolutely loads of accessories with it. For that sort of price, I wouldn`t even touch the draper considering what is about for similar and less money! As an aside, year ago when I was looking for a small machine before the peatol, I read some bad reviews of the Unimat 4.
I got my Cowells for just under £350 in the end, granted, not many accessories but I`m saving for those after Christmas. I`ve got what I need for now and I seriously wouldn`t be without the machine. You could say, save the extra £200 and look for something like the one that just sold on ebay but I just can`t afford that sort in one lump so I`m happy with what I`ve got and adding to it.
A chap was selling a Peatol on homeworkshop not so long ago, £200 brand spanking new with motor. The money left would certainly get near to what you need.
Just my humble opinion...
Chris