After seeing the mini lathes in the flesh at Harrogate, I rapidly came round to the idea of the larger £880 SP2124 550 from SPG tools or the similar bed and carrige, Warco 250, or Chester DB10 they all seem to vary a bit on the rest of the spec from motor to controller, this and that, mainly the Warco and Chester come with more accessories as standard hence the price (only useful if you need those bits I guess)
I settled on a used Myford as it came up at the right price (£500 in need of restoration – it was actually perfectly serviceable although the paint was flaking off all over, understandable after 61 years. It had no accessories, so I then set aside another £300-£500 and have been picking up or looking out for chucks, faceplates, catch plate, fixed and travelling steadies, centres, drills, change wheels, bobbins, widgets and noggins…… etc
I would say I've still got a bargain, but keep the bigger picture in mind, I treat myself to a quick change tool post and a comprehensive set of holders from A&R Precision so that took another £200+ out of my pocket, but is a an absolute joy to use. I know I've bought a few bits I don't need, but as I'm a beginner, I'm just buying to learn and I'm really enjoying my shiny new toys, even if I only look at a lot of it for now

Edited By Russ B on 11/11/2014 11:09:30