I've been running Pinewood Derby build clinics for our pack for several years.
We keep a couple of coping saws on hand for the older boys, but very few use them. We also have a few shoe rasps similar to
this one that do get heavy use by boys of all ages in shaping blocks after they're cut.
We provide one or two scroll saws for adult use. Scroll saws are slow but they work well and are relatively safe. Band saws are much faster than scroll saws for the same reason that they are inherently more dangerous: the band saw blade never reverses so it is essentially always pulling the stock in. It is much easier to lose a finger on a band saw than a scroll saw.
If most or all of your need is for Pinewood Derby, the cheap
scroll saw and
table top drill press they sell at Harbor Freight will do a fine job. They frequently run sales, and you can always find a percent off coupon on their web site on in the back of magazines. Mine get heavy use for the Derby about three weeks a year, and sit mostly idle the rest of the year. I've also got an old Craftsman scroll saw that is much more heavily constructed and by all rights should be superior to the Harbor Freight model, but the primary difference in practice is that it is easier to change blades on the HF saw.
If you're the only one who'll use the saw and you're confident in your abilities, a band saw is probably better. If it is for occasional use and/or use by inexperienced people, I'd get a scroll saw.
As an aside, there are a few derby specific tools that I highly recommend if you'll be doing this much. There are other sources, but here's a good source I've been using for years:
http://www.maximum-velocity.com/specialty_tools.htm
- Pro-Body Jig (to get near-perfect alignment every time)
- Pin Vise (allows cub scouts to use the body jig themselves, and the jig will last longer if you don't use a power drill with it)
- Pro-Wheel Shaver XT II + Pro-Hub tool (for really round wheels)
- Axle Pliers (great for (dis)assembly and making gentle bends to adjust alignment)