You have a very good selection of tools. The formica table tops are probably homemade from the original owner. The horizontal setup offers possibilities that the verticsl setup does not, unless you are working from overhead with router skis. Theh big issue with the router table is that if you make multiple cuts, as in making picture frames, you can make the piece unstable as you gnaw away wood. When working from horizontal or from overhead, you leave the backside or side intact which makes for a stable work platform.
Someone I consider a master woodworker once told me that a master woodworker is not someone who never makes mistakes. He is someone who is able to cover them up so that no one can tell.