Many thanks for the helpful input you all have given me via an earlier
thread. I've gotten a response to some inquiries for a local lathe, and
would very much appreciate your input on this:

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I have a large metal lathe with a lot of features and a lot of accessories
that you may be interested in. It is a Cincinatti "Tray-Lathe" circa the
early to mid-50's, 12"x36". I have a 2HP 115/230 single phase and a 3-ph
motor for it, 3 and 4 jaw chucks, faceplate, and other goodies. It has a
quick-change gear head as well as a quick-change threading gearbox. It was
appraised at over $1K back when I was using it but I haven't used it in a
number of years and it is collecting dust in my garage. If you are
interested I would probably sell it for around $500 if you would come get
it.

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To me this looks like a good deal, at least on paper, but then I'm still a
rank newbie. What do you think?

When I go to look at it, I will of course make sure that everything works
and that there is no play in the headstock. Any of the gearing that I can
see I will inspect for chipped teeth. What else should I look for / at? In
particular, how do I determine the amount of wear on the ways?

Many thanks for your help!

Andy