Bedn0009,
The dust collector you referenced is on the lower end of medium sized. I used one that size for several years. I would not use that one for anything larger than a 6" jointer/planer. It does not move enough air to reliably remove the chips from my 12" planer. Take a look at the cyclone style collectors from Penn State, JDS, Grizzly, Laguna. Be prepared for sticker shock, it is easy to add a decimal point to the price of the collector you referenced. That's right, $3500 for a home shop collector. The manufacturers have sizing tools, so you should size your dust (and chip) collector to your equipment. If you size your collector to the bottom edge of the range of your equipment to save money, you will be disappointed in the collector's performance.
I personnaly use the Dust Deputy mini cyclone on a five gallon bucket driven by a 20 gallon Shopvac for my 5" variable speed Porter Cable sander, with an automatic switch to turn the vacuum on when I turn the sander on. This is a very good system and works well with hand held sanders.
I use the collector you referenced to collect sawdust from my tablesaw. It does a good job, collects about 90% of the sawdust.
For the 5 HP planer or the 12" jointer, or the 5 HP shaper, or the CNC router, I hook up the 5 HP cyclone style dust collector. It moves enough air to pick up any volume of chips I create without choking. If you clog your collection line, you do not have enough airfow. Be careful though, a 5 HP collector will move enough air to pick up small children and fair sized dogs.
