Given the way things constantly change in a wood shop as you get new and different tools, iamrfixit has the right idea.
The other neat thing EMT does for you is allow you to NOT buy wires right now when prices and supply chain are bonkers.
With NM (or MC or any cable) behind drywall, you will need to pre-anticipate every possible setup you will ever have, embed the wires in the wall for that, pay for those wires now, and hope you didn't forget anything, and/or give a pass on bargain tools because you don't have the power in the walls for them. For instance if you decide to go 3-phase with one phase converter feeding multiple machines, you will need to bust drywall to put in /3 or /4 cable. Joe Conduit just pulls in another THHN wire.