Thanks for all the responses, I am not overly concerned about cooling, I usually work out on the driveway when it is nice. I agree that making sure it turns off when not in the shop or if I forget is important.
Tim, my space is only 160 square feet, but part of it is unusable space, for the part where my MFT and lathe are, I think the unit I am looking at should work. Obviously this will need to be thought of when doing our plans for the addition, right now the plan we have is to make the shop/garage 18' x 28' when finished.
JPF, I looked at the unit you mentioned and I like it, but I would wait on that until we do our renovation, or I would go with a ductless AC with heat.