Tom, one more thing : LittleMachineShop.com sells a kit to convert the tool post to a quick-change tool post (QCTP). Better include that cost ($140) in the acquisition cost. Definitely worth the money.
But here's one interesting outcome. It has already made me better at using my wood lathe. Amazing how the skills from metal turning carry over. One example: take less bite in the material & take it off over more time.
I suppose it's nice to hog out a bowl quickly with huge cuts, but it's my belief that doing so actually disrupts the wood structure beneath the surface at a larger depth than taking smaller bites. This can effect the eventual final finish surface IF the disrupted wood fibers reach to where that final finished surface is.
My lathe is 1 1/2 HP, and I seldom bog it down ...... mainly because I've been accustomed to taking less of a bite, right from the initial stages of my learning process. I suppose it's nice to hog out a bowl ...
.... As for needing more power for coring I do not accept that one needs more power than a mechanical powered belt driven lathe with 1.5 HP will deliver, VFD that looses power at lower speeds might like more, but sure more power is very likely nice to have.
The other thing which I should have mentioned, is that with the mechanical drive there are normally more steps than with a VFD where there is often only two or maybe 3 steps.
So with the mechanical drive the lowest speed also multiplies the output to the spindle where the VFD has to slow down and lower the output of the motor to the spindle.
But yes there certainly are compromises with either system, and upping the power is the easy thing to do when building lathes with Variable Frequency Drives, something I easily could do, (more power) but still would have the fixed speeds.
Yep, he's awesome at that.
Ask him about the chucks!