Pick and place is not a machine - it is a process. It is a process that is intended to automate a manual process that can be done by a person. The only reason to have it is to save time.
The only reason to have it is to save time.
The only reason to have it is to save time.
The only reason to have it is to save time.
The decision is not like a soldering iron, oscilloscope or CNC machine. For 15 years, I used a Weller WES51 soldering iron which is entry level and limited performance. Still, it was vastly better than using a match to solder wires and components. A cheap CNC machine, with all of its limitations, is vastly better than a chisel or Dremel tool. An entry-level oscilloscope is vastly better than just guessing what signals are in a wire.
The point is that those processes cannot be done at all without a minimum tool present designed for the job. In PCB assembly - you can do it by hand with very basic tools. You can speed up the process considerably with cheap additions like a stereo microscope, vacuum pen, parts trays, etc. You can speed it up further with organization and process planning. The next jump is to add a pick and place machine which, on the surface seems like it would amplify you speed dramatically. The problem is that the process is complicated and fiddly - it takes it's own time to accomplish. In general, it takes a lot of time to setup and verify. If you skimp on this process to save time - you will end up with wrong values and backward diodes that have to be re-worked by hand. Every minute that you spend goofing off with the P&P system is a minute that you could have been manually placing boards.
In my world, even with experience, it can take 4-5 hours to get a PCB setup and ready to roll. It may take 30min per PCB to hand assemble them with an hour to set up. So, in 5 hours I could hand assemble 8 PCB's or I could setup the machine and have 1 PCB. If I only needed 4 PCBs the P&P is CONSUMING time, not saving it. The time starts coming back after making 10-12 PCB's for most of what I do. If you have a slow machine with other limitations that only allow half your PCB to be assembled - you may never save any time at all. There are, the human factors that can be helpful. It is tedious work making 10 PCB's where the machine will offload the tedium.
A person is a pick and place machine, if you are going to buy a mechanized version just make sure it is actually better than you are.