In the video in the opening post, what did he spray onto the back of the MDF molding? Water?
You can pick up a used Craftsman radial arm saw for under $100.00.
Once you adjust the bearings for the overhead arm, you are good to go.
For cuts under 16” in length or dadoes of that same length, it is an excellent choice. Much better, in my opinion, than a router mounted on a track (with a negative hook angle dado head only).
If you have the bearings properly adjusted and use only blades with a negative hook angle, it is a relatively safe tool.
I have two dado head sets. One with a positive hook angle that I used with my table saw before I got my radial arm saw. The second one with a negative hook angle that I purchased to use on the radial arm saw.
Once I got the negative hook angle set, I never used the original dado set. The negative hook angle dado set makes much cleaner cuts in plywood and melamine clad particle board and cuts almost as fast. A better fit for me.
I’ve been moving away from dadoes since I learned that the joint alone does not add much or any structural strength for racking (side to side movement). Dowels, Dominoes, and tenons do much better. I mostly use dadoes for back panels on cabinets and for wall-mounted cabinets where the wall provides the racking strength.
On the old Norm Abrams TV series he had a big old Delta (???) radial arm saw which he used frequently, but I don’t recall seeing him use it with a dado set.