I bought one off of ebay for $20 about 6 months ago. It is a draw knife. Spoke shaves are much much smaller and wouldn't be as practical for peeling a log. If you are planning on using the log for fence posts, a draw knife would probably work. For larger logs, say for building log homes etc., I would consider first a bark spud. Looks more like a flat ho but heavier duty. You can make a bark spud out of an old leaf spring. While a draw knife would work for peeling, most of what I have READ suggests using a bark spud for initially peeling a big log, then the draw knife is used for cleaning up and smoothing. I have not actually used either of them. Both are available from several online sources. I have some links somewhere and will try and find them this afternoon.