Hi Martin,
A cheaper table saw is still a table saw. If you can make a guide rail that clamps square on both ends of the table, it should be fine. You would obviously still need to check the angles, etc before you cut however.
The more expensive machines just have stronger and better motors, better bearings, better beds, etc, etc. In the end the saw's job is to saw and a cheaper machine with some customized bits would perform as well as an expensive one. You are not planning to run the machine 12 hours a day either, so go for it.
Regards,
Ian.