Hi Alex,
Firstly, welcome to the forum! Hopefully my reply can offer a little more relevance to your initial enquiry. I have the predecessor to the Warco GH1236, the GH1232, which I bought new about 3 years ago. It is essentially the same machine in terms of power and capacity (slightly less distance between centres on mine) and a slightly different headstock gearbox but offering broadly the same range of speeds.
I bought my lathe specifically for the ability to turn large diameters in the gap as I am building a 4" Little Samson traction engine and have successfully machined some very large iron castings including the 17.5" diameter rear wheels. In attempting to turn the rear wheels, I soon discovered that the lowest speed of 65 rpm was still uncomfortably too fast. I therefore bit the bullet & invested in a 3 phase motor & inverter kit which enabled me to slow the speed down to the appropriate speed to machine the wheel castings. That said, I was pushing the lathe to the very limits of its capacity and speed rather than any lack of torque was the issue that required the motor change. To all intents & purposes the supplied motor would be more than adequate for most turning operations encountered.
Most of my turning to date has been cast iron, mild steel & bronze but I have turned some 304 Stainless steel. approx 2.5" diameter, which the lathe coped with without any complaints. You will no doubt get some replies warning you to avoid any lathe of Chinese origin. I am purely offering my own experiences as an amateur hobby user. In my opinion my lathe is robustly built, capable of taking heavy cuts without complaint and crucially capable of repeatable accuracy to the tolerances I require for my hobby use. For instance a couple of days ago I turned a 9" long shaft of 1.5" diameter mild steel between centres, took a 0.002" finishing cut to hit required diameter & the shaft came out parallel to within 0.001" over the 9" length, well pleased was I!
Generally I'm really pleased with my lathe although I do have one minor niggle. The lead screw has a telescopic spring steel swarf protector fitted which limits the saddle travel towards the headstock. This makes faceplate work and turning between centres awkward requiring long tool overhang from the tool post to get close to the faceplate in particular. Fortunately I haven't yet needed to do much faceplate work but for between centres work I tend to turn up a centre in the 3 jaw chuck and use that to bring the end of the work within reach of a normally mounted tool in the tool post.
Hope this has helped you, any other questions, please ask away! Regards Martin.