I just bought the HF 2HP dust collector for my shop. It is HUGE. It has a bag, and a 5 micron filter (which is decent for wood dust, but I’ve read a $300 0.5micron is what you should really have for wood dust… Yowzer). You can find 20% off coupons on the Internet, for any of the HF stuff. It doesn’t come with even one hose, so remember that with your budget. I probably spent another $100 on hoses and ports on amazon.
It has 2x 4" ports. If you wait, you can sometimes find a coupon to bring the DC down to $170 and find a combinable 20% coupon, but the normal 20% off won’t work with the $170 coupon.
Jay Bates has an article and some old videos on building integrated chip and dust collection:
Basically, the idea is that you move the motor to the output of the bucket separator, and ditch the bag and 5 micron filter. You would then vent the output from the motor outside, instead.
I think it’s way overkill for the MPCNC. The thing has a bigger motor than my table saw. It’s taller than me. I tripped the fuse running it and my table saw at the same time, so I have to improve my electrical before using it like that again. It also would do nothing for the laser fumes, except that it would vent them outside. You’d want this 2HP thing if you were cleaning up planar or jointer chips, or had a builtin setup for all your tools, like a table saw and a miter saw station. A shop vac will really be a lot more usable for anything smaller.
There are also several designs for dust chip separators that are cheaper than the dust deputy. I haven’t been impressed with reviews of the smaller dust deputy at all. If it were me, I’d just do a shop vac, and find a way to vent it outside. I wouldn’t even mess with a chip separator. You’ll get a lot of mileage that way. If your goal is to manage all your wood dust in a basement shop with a full outfit of tools, then I’d do what Bates does and vent outside with the 2HP guy.
I just bought a smaller trash can from Home Depot (20Gallon, I think) and I’m going to cut the baffles on the Low Rider for it (when I get a chance, which might not be for a month). I don’t plan on using that “belt” from the bags because it just doesn’t seem like it’s in great shape (there are leaks, to say the least, and it’s not perfectly round). I’m sure I’ll post some info here when I finish that. But, like I said, it won’t be soon.