Leon,
The PC 557 is the only one that takes a 2" cutter. Yes, I've owned two of them, one was sold on this wreck. Both are gone, I switched to a Makita and never looked back. No slop, no play, tighter slots. I was unable to deal with the fence problems of the type 2 and was stubborn enough not to want to add a shim to make a $200 tool usable. Most users say, the fence problem is no handicap, everytime I wanted to cut a slot near the end of a board it was a problem for me.The Makita beats the pants off of the 557 for small parts and no slop with tighter joints. I've had all three of them. I wouldn't trade my Makita 3901 for a good 557, there to sloppy, the bed that is. If I get another it's going to be a Lamello.
Gene