There's always stuff to build!
Do you think you'll be working more with analog stuff (my guess, given your substitution box ideas), or will you be diving into the digital side of things?
There are a few
LC meter projects out there if you're comfortable working with PICs. If you plan on working with switching power supplies, oscillators, or RF circuits then you'd probably find
one of these very useful.
Frequency counters are also an option, with dozens of options available. You'd probably only get good use out of one if you needed more precision or bandwidth than your scope can provide, but they can be useful for RF work.
You could also build a curve tracer. These are used to plot the VI curve of a given part, and can be useful if you do repair work or component matching.
On the digital side there are dozens of various programmer projects out there for different microcontrollers, just pick your poison. Most folk would probably prefer to use the manufacturers hardware for programming to spare them the grief of wondering if it's the programmer when things go wrong, but there are some general purpose kits out there that won't go to waste if you just want to tinker.
If you're a fan of logic probes they make great projects, and you can add features until the thing is near sentient. Take the
Super Probe for example.
It seems that people usually build their own test equipment to gain a capability that would be too expensive even from used equipment. Don't overlook the utility of building to suit though! If you have a frequent and recurring set of tasks, try and automate or simplify it by building your own gear. This could be as simple as building a continuity tester with ultra-fast response for testing boards, or a timer/agitator/extractor appliance for etching PCBs.
Hope that helps some.