Dave Ficken's advice is outstanding and dead on! My only advice is:
Why would you want a lathe this big in a home workshop? Big lathes are
cumbersome on small work and in some cases won't even make a part that
is of realitively small diameter. Just try pointing a 1/16" od on a
lathe like this. You can't get the spindle going fast enough to make
the tool work effectively. Leigh@Marmachine