Hi Dan, welcome to the AAW forums. I moved your post to the Main Forum where it's more likely to get an answer--and the How-to area is intended for solutions and answers, rather than questions.
My answer to your question would be to design for the lowest speed you possibly can. 60 rpm is great for sanding, and appropriate for roughing a really big bowl of say, 20-24" diameter. A very slow speed is also good on a smaller turning, for blending in cuts where one part has warped slightly--it's slow enough so the gouge or other turning tool can follow the out-of-roundness while taking a fine shear-scraping cut.
Many lathes available on the market have a bottom speed that's too high for their capacity. Even a 10" mini can benefit from a bottom speed of under 100 rpm for sanding.
Keep us posted on the progress of your lathe, shopmade lathes are always fun to check out.