That would depend on how much crafting you are going to do.
But what I think you are asking is , No you can not craft things that require a basic crafting station on an equipment crafting station and vice versa. You can tell what type of table is needed by clicking on your recipe , then hovering over the back pack on the lower left side of the screen.
btw , there is also a card crafting table . I use it mostly to make my pet huge ice cream snack. They give +4 strength. and is fairly cheap to buy the reagents at the bazaar than paying for the card.
Keep one of each crafting station, since each one crafts only particular items. Having all is necessary to craft more complex items and later items in game. It tends to go in spurts, I might not craft for weeks, but then find a recipe I like and need to utilize at least three or more, then use what was made with those before using DS or GH crafting stations to make a more complex item. Currently working on Watchtower Hall, I've had to use Basic, Card, and Equipment Crafting station, and will then have to use GH crafting station to make house.