lams:
bandsaw, thickness sander
risers: spindle sander!! anglegrinder with sanding disk (I use 40grit, really digs through wood, making it easy to fully shape a riser in a minute or even less...)
and ofcourse, for any shaping, the beltsander! go for raw POWER on this one
ofcourse a chainsawfile for nocks, a few files for the fineshaping of tips and risers, sanding paper...
Nick