Count me in as another owner of a MF #1 that doesn't work well. I bought
it from someone on the Porch (Sandy, IIRC) about 3 years ago. I SS'd the
blade, but no amount of adjustment can make the blasted thing work. Pretty
much any other spokeshave I own works better. But of course, none of them
can cut a really concave edge like the MF shave is supposed to do.

It sounds like Tim Kelly's repro cigar shave works very well for those who
have bought one. How much do they go for? I just found a 1998 FWW at work
that has one of his ads, and the cigar shave is listed at $39.95. That
seems like a bargain to me, although I'm sure he's upped the price a bit
in 5 years.