Our American friends tended to use Toolroom to describe a lathe that comes with full equipment, eg chucks, collets, steadies, taper turning attachment et al. For example Southbend did a Toolroom version of the Heavy 10. I had a late D1-4 spindle one in decent nick. Worked well but definitely not up the the UK version of toolroom in the rigidity stakes.
Objectively any decent brand small industrial lathe with be more than up to home shop use if in reasonable or better condition. $64,000 question is are you more likely to find reasonable + condition at an affordable price by looking at toolroom lathes rather than the more ordinary breed.
I think SoD, Nick, MalcB and Bazyle are a bit overly pessimistic concerning the later life and likely condition of ex industrial lathes in this day and age. The CNC revolution and de-industrialisation of Britain has meant that a goodly proportion of manual toolroom machines never went into the hammer it to bits in a production environment once released from the toolroom. No jobs for them. As such they often ended up on very light duties where a lathe was occasionally needed. Maintenance shops et al. Lots of Colchester and similar modestly priced good specification lathes also went there too. Goodly numbers went into second and third tier workshops where they may have been quite heavily used. Some being worn out and some just getting scruffy.
My Smart & Brown 1024 VSL is an example of one that was rode hard, put away wet and generally left to get scruffy. £1,000 from a dealer "its in the way" was much more to my taste than £5,000 for a seemingly mint Hardinge HL-V or £2,500 for an equally smart late type Colchester Student. Bed wear is still almost negligible, saddle tightens up a bit more than ideal over the last 3 or 4 inches of travel but it does have excellent roller bearing guides under the saddle on each corner so inherently tighter than a normal lathe.
My view is that the generally more sturdy construction of most toolroom machines means it can put up with uncaring use for longer than a workshop machine. I'm pretty sure that a Colchester would have been in serious trouble after the life my 1024 had. My wartime P&W model B has clearly been worked hard and suffered somewhat but its still pretty darn good. Looked at a Holbrook D13 that really did look unhappy but it actually checked out well. Too heavy for me to move tho'. The 1024 is over 1 1/4 tons and that was seriously pushing things.
The 1024 has the advantage of being very simple. Reeves type variable speed drive, flat belt to the spindle, no clutch or headstock full of gears to wear out. Colchesters are notorious for folk fiddling with the clutches and messing things up good and proper.
The one exception to toolroom machine durability is the Hardinge. They don't do well in uncaring hands and have many "nice when new" details that last well if cared for but create major problems if neglected. Teflon sheet under the saddle anyone. Bit of a diva really.
Clive.
Edited By Clive Foster on 19/03/2019 11:52:21