A long time ago, I bought a small, imprecise, unrepeatable, measuring arm, barely more than a toy, basically a waste of money.
It came with one copy of Rhinoceros, which was very useful for other things, and which I came to love for its own qualities. It's also reasonably priced.
Rhino was able to partially control the arm, as in getting it started, and accepting the data that the arm sent when the button was pressed.
AutoCAD can do the same thing, working interactively.
After the mind-numbing chore of manually scanning whatever you are trying to measure, you are left with a CAD file containing a bunch of three-point circles in 3D space, and a literal cloud of points, all of which are an approximation of the geometry of some object.
Neither AutoCAD nor Rhinoceros is capable (when last I checked) of turning a point cloud into something useful, all by itself. I am not aware of any free software that does that job.
In my case, Geomagic wouldn't have helped, because of uncertainties in the data, so I ended up putting all the scanned data into a layer by itself, and building a model from scratch, snapping what I could to the occasional point. With a Faro arm, it may work for you.
On the other hand, I'd recommend trying to use the arm on a real job, with just a regular CAD program accepting input, to get a feel for whether the whole arm exercise is worth the effort required, vs. just measuring your object on a surface plate with more traditional tools.
My personal opinion is that measuring arms and other CMMs don't generally provide a speed advantage. YMMV.
Mike Halloran
Pembroke Pines, FL, USA