Suggest looking at other lathes......
Has anybody had any experience or knows someone who's had experience with this lathe?
Finn:
Having read a significantly large number of "Grizzly comments" and related posts on the Internet over the past 12-15+ years, I suggest you continue to do your homework on comparing other models and manufacturers of wood lathes.
I once visited the massive Grizzly showroom in Muncy, PA, and had a very careful look at most of their lathes available at that time that one might consider a "real" lathe (e.g. not an electric drill mounted onto a couple of pipes, which they also sell as a "lathe"). I slid tailstocks and banjoes, had a look at machining, etc. and I was not impressed (to say the least). Only recently has Grizzly adopted more or less standard spindle threadings (for many years THEIR "standard" spindle threading was a non-standard 1" x 12 tpi). For some of their models, they included a disk sander on the outboard side of the spindle in their "quality" lathes - obviously these lathes were not designed by woodturners!! The on-line responses to inquiries about Grizzly customer service in resolving problems with their lathes have ranged from "excellent" to "terrible", and everything in-between. These service-related posts occur too frequently to make me very uncomfortable about even remotely recommending you buy a Grizzly lathe.
In the real world where you get what you pay for, I would recommend that you consider lathes manufactured by Jet or Powermatic (WMH/Walter Meier), Nova, Delta, General, Oneway, Vicmarc and others, but
avoid Grizzly if you can afford to buy other brands. Consider looking for a good used lathe too. Although this list is a bit dated (2009), a comparative table of different lathes can be found
HERE (perhaps someone knows of a more updated version of this table?) to get you looking at comparable sizes and features.
Of course, these are my opinions, but in all honesty I can't recommend pursuing Grizzly lathes as an option for a new or even established turners, given their marginal (or below) track record as to quality and service, and what I saw (and didn't see) when I looked closely at their machines in person. There may be others out there who have purchased Grizzly lathes that love them, but in good conscience I would advise you to not go down that path when there are so many other good lathes available with great performance and service records. As already proven by many turners, the Nova and Jet lathes (1642) of about the same size as the Grizzly you are asking about have well established records with relatively few problems. You can't get much better 'bang for the buck' than a Jet 1642 lathe, or quality in a Powermatic 3520B, for example.
YMMV.....
Good luck and turn safely,
Rob Wallace