Howard,
I've had shapers for about 30 years. I also had router tables for the same length of time. For me both are tools I couldn't function without. However how I view them having & using both is different.
First I generally agree with both Steve's & Jerry's post. I'd only add that I view shaper cutters as an investment just like a stationary tool. Where I view router bits as a consumable or an expense. Insert cutters for the shaper fall in the middle... they are an affordable way to add a large number of profiles for a very minimal expense.
To me a shaper is primarily an edge forming tool where a router table will do both edge forming & within field work. In both cases I have added Incra fences to gain repeatability & accuracy. The shaper with power feeder allows me to literally feed raw stock in one side & finished product out the other AND my hands never come near my cutters. I feel very strongly that a power feeder is a
requirement for a shaper.
The Jet shaper your interested in has too small a top or work surface, & boarder line power. I doubt you'll be happy with that unit over a long period of time. Think bigger & you'll be happier. Reread Jerry's post about the 1.25" preference...
I had to smile at the link Dave posted to the Jointech plans. I'd never seen that before ... made me

I've never posted "my" router table on any of the forums I write on. But first let me "show" you what I think is a good router table. For those familiar with John Lucas's Workshop demos, note I used his idea for storing my Incra templates. "Thanks John". The router table uses a Jessum lift, & a single speed PC 3 1/4hp router. Why single speed? I only use small diameter bits on the router table since all my large profiles are on my shaper.
And a picture of the modifications to my Unishaper in one form or another has been posted on other forums. I will the post seperately these pictures because of file size.
In both cases I use a veneer height gauge to set the cutter heights, thus between the Incra's & the height gauge I can repeat a set up to a couple thousands... time after time.
One more thing... regardless of the bull you've heard read using router bits in shaper... they work fine. I've done it for years. I'll use the shaper with power feed to run a batch & then use the same bit to match the profile on site (like an inside corner etc.)
Hope this helps,
jim