Table saw stand

My table saw has lived in its box under the bench for a few years now. The main reason I haven't used it much is because I haven't really room for it in the garage when fitted onto it's stand. So I had an idea that if I mounted it onto some MDF with a wooden baton bolted underneath it, I could clamp it into the jaws of my B&D workmate and use that as the stand. I am pleased with the result. I can slip it off the workmate and lift it back under the bench but it is now easy to setup when I need it.

I had hoped to use it to rip down some planks that are 4" deep to create boards for boxes etc. the depth of cut of the saw in just under 3". Also the riving blade comes above the blade. So I cannot make blind cuts half way through the timber without removing the guard and riving blade, which I am reluctant to do. Any suggestions how I should plank up my 4" * 2" timber?  
Bandsaws seem a possibility, but they also seem to wander a bit when ripping. All suggestions gratefully received.