Coming in late, as usual,
If you wanted a new, larger machine, you could consider a Sieg SC6 from Axminster, but that would exceed a £1K budget, by some way but comes with a 3 year warranty.
If you want to swing large stuff, and have a large bore Mandrel, how about considering a used Warco BH600, Chester Craftsman, or if you can find one an Engineers ToolRoom BL12 -24?.
Hopefully, it would still be in good condition, despite being over 15 tears old.
Basically, they are all the same machine. The BH 600 (There was a longer bed BH900 version ) was offered as Imperial or Metric, the Craftsman was all Metric and the BL12-24 was a Metric build, but with dual dials. Mandrel bore was 38 mm from memory (5 MT ) Swing was 12" or 18" with the gap removed.
From new they came with Faceplate, Steadies 3 and 4 jaw chucks. With 12 speeds (including back gear ) a Norton box and power feed on both axes, (driven by a separate power shaft ) they were quite a versatile machine.
They had induction hardened bed, and were big and heavy (300 Kg ), so quite rigid, and with a 2 hp single phase motor, quite powerful.
Just a thought!
Howard
Edited By Howard Lewis on 06/05/2020 11:31:34