Yep the geka that i use to use was bigger (2" round shear capacity), but it too had the large hole adaptor shoe bit, can remember changing it over, Though from memory we mainly used it for a 3" ish long slot. The tooling - punches are not as cheap as drill bits, but its just so damn fast punching holes. With the graduations on the tables its fast and productive to setup too. A iron worker is just one of those tools that’s hard to justify if you already have saws and drilling capabilities, but the time savings it gives you are enormous you do have one, sawing and drilling are just so damn slow in comparison!!
The length sensor was - is a real useful thing, so much faster than using a dumb stop. Lets you just focus on feeding it the strips your cutting. One thing we made - added was a dual height roller in-feed stand, made things a lot easier on larger - full length strips. Lower height for the straight shear, top height to feed the various profile shears. Add a sutable stack of stillages at the rear to catch the cut bits and it was a nice easy yet productive machine.