Here are some embedded bench setup ideas:

The MSO5074 from Rigol can be hacked to get 350Mhz, which make it a great value for $1000. There are some negatives for the MSO5000 series scopes. One is that the noise floor of the scope is not great. Additionally the acoustic noise from the fan is bothersome. Finally the boot time of the scope is huge.

You can also add the Amazon basics coffee pod storage drawer under O-scope to make a nice setup. Note I found that placing a tool box drawer liner (rubber mat) under the scope makes it less likely to slide on top of the drawer system.

Microscope

I have tried multiple microscopes, digital and analog. So far my favorite is the AmScope stereo microscope with a 0.5x Barlow lens.

I really like the articulating arm for the scope as it frees up desk space.

The bad thing about this microscope is adding a digital camera makes the height very large.

Soldering Iron

I have a JBC nano soldering station and love it.

This was a gift from a customer, as a thank you for fixing a major bug they had. However China has knocked off the tips and station and you can purchase a knock off from Aliexpress.

Hot Air Rework

I am constantly using hot air to rework ICs and find that the cheap 959D stations work great. Note you will want to keep a spare heating element and/or even spare station. When the heating element does burn out it is always when you are in a rush to get a job done.

Logic Analyzer

I can not say enough good things about the Saleae Logic analyzers. I have 3 of them and absolutely love them. I do have the Logic Pro 16, and find myself wishing the analog was just a bit better. However I will not do development without it.

Multimeter

I have gone through many multimeters and have various Fluke ones, however for most day to day operations a the Fluke 115 is great. I do have a Fluke 289, but find that the 115 is what I use the most as it is quick and easy.

I have purchased various off brand meters, but the 115 works and it is cheap.

Meter Test Leads

No mater which multimeter you buy, it is important to have good test leads. Here the Pomona 6275 leads is what I use. These have very fine tips for probing QFN pins and such.

I always keep a spare set of leads as they do wear out and break.

Bench Power Supply

I find that I like the cheap bench supplies from Amazon like the UC305, for $60 they work great and I usually have 3 on the bench at all times.

Banana Cables

Here is where you should not go cheap, by the Pomona test leads. They are expensive but they are worth it. I like the Pomona minigrabbers to Banana plug model 6249 are my favorite. Unlike the cheap ones you get from China these are high quality cables that work.

Yes I have spent hours trying to figure out why projects were not working, only to discover the china banana cables were not always making connection.

Hook Up Wire

I have found that buying various gauge of silicone jacket hook up wire is money well spent. I just order kits like the link below in various wire sizes (AWG) and then I have them as needed.

PCB Jumper Wires

In the old days I would use 30AWG wire wrap wire for doing rework and jumpers on PCBs. However as PCBs have gotten smaller it the 30AWG wire is just too large. I find these days I am often using magnet wire (enameled coated wire) for doing jumpers. The enamel coating will burn off with the tip of the soldering iron, and with the finer wire gauges it makes much easier to connect to small pads. Here again you can get various sizes. I find that around 44AWG and 30AWG is what I use most of the time.

Glue

As funny as it sounds glue is important, for example in the image above the wires have to be glued to the PCB, else they will pull the pad off the PCB. I find that using clear UV cured epoxy (this is same stuff used by UV 3D printers). Additionally using UV cure solder mask liquid works as well.

Tweezers

Good quality tweezers are important. I find that everyone seems to have their favorites, and you will find yours. However I have found keeping a knife sharpening stone handy to clean up tweezers is a good thing. Additionally a can of carburetor cleaner and rubbing alcohol is good to help clean flux/paste off the tweezers.

Some flux and paste can be tough to get off tweezers, alcohol usually works, but when it fails use carb cleaner. When that fails try the sharpening stone or some fine grit sand paper.

Tweezers can last you for years if you take care of them. To keep your good tweezers in top notch condition it is good to have cheap tweezers handy when you are doing something which could damage the nice ones.