This depends on the lure itself, if round for most of it then a wood lathe will do, I have a Vega duplicator for turning down the lure with good duplication but the best way for consistently doing a lure would be to make a master then a rubber silicone mold and pour it out of resin. I do musky lures within a gram of each other. It is nice working with wood, but each lure will be a little different from the other. Flat glide baits are a little more easy to work with.
Wayne