Actually the lathe would probably be quicker, and maybe easier. My technique isn't without it's problems, not the least of which is back ache, because it takes a long time to grind the pipes up and you're bent over slightly the whole time. If you're a little guy this won't be such a problem, but i'm 6' 4" so it gets uncomfortable
It took a lot of trial and error to find the right bit to do this, and i also found that if you grind too fast the plastic can shatter, which is not good for the eyes, so eye protection is essential. You're also restricted on the length of the spiral that is produced - about 6-8 inches in this case (Actually, this is perfect for me because of the size of the biofilter).
But it works, the pipes are cheap, and there is something satisfying about doing this