First off, don't buy the 770. If you can swing it, buy the 1100. It's only a few hundres dollard more and the size difference is substantial.
When I bought my machine, I had been a real CNC shop owner only 3 years before, so I had a pretty good idea what tooling I wanted/needed. I bought 4 each 1/4, 5/16, 3/8 and 1/2 inch set screw tool holders. I wish I had gotten more. I also bought 6 each ER 16 and ER 16 collet tool holders. Then I got the PDB with the foot pedal, and the shuttle jog wheel. I also bought the automatic oiler which is really cool, because now I never forget to pull the handle to oil the machine. I only have to fill the oiler about every 6 weeks.
I used to do a little steel on my machine, but no more. Steel is just too hard on cutters. Especially if it's hardened steel. Now I do aluminum, brass, copper and plastic.
I have developed a product line of hardware for remote control gasoline powered race boats. So now all I do is make parts for those.
You can buy GOOD PARTS or you can buy CHEAP PARTS, but you can't buy GOOD CHEAP PARTS.