[Arran]

The last shaper I saw in use had a power feed, rubber rollers, and an iron fence, so you were well away from the cutting head. You can do the same with feather boards of course. I have a router tables but no a shaper, much smaller in scale, though grinding cheap stock router bits is certainly an option, so is a molding head cutter in a table saw, though that is arguably more dangerous then the shaper. There are some people who can do all of this with a series of molding planes too, but I can barely use a jack plane.
Regards
Arran