My first lathe was a Hobbymat MD65 that I bought new in about 1989 or 1990, I think it was just over £300, they were produced in East Germany as it was then.
They were very well made without any manufacturing faults or sloppy assembly, and came correctly adjusted and ready for action, I quite liked it.
As well as spare gears, drill chuck, a few tools and spare back plate, they also came equipped with an angle plate and vice. The angle plate was put in place of the topslide, the topslide was then bolted to the vertical face of the angle plate with the vice bolted to the topslide. This formed a vertical slide so light milling could be carried out.
They have just four spindle speeds, and I think the lowest was 250 RPM, but I seem to recall there was a slow speed attachment offered as an optional extra.
Mine had the quirky circular tool post, but at the time it was my first lathe and everything was just fine as it was. It was used to make small petrol engines, and produced cylinder barrels, pistons and crankcases with relative ease.
Edited By Lathejack on 18/03/2016 13:14:48