A little backstory - lost a lathe in a fire last year, and our insurance is paying to replace it up to $10,000. I've used old American iron in the past, but IME most have needed significant elbow grease to get into 'operational' condition and few if any have 'like new' tolerances. I've also heard none of the new machines are any good, cheaper materials etc, however I had always assumed that was on a per dollar trade aka a new $1000 machine isn't as good as a $1000 craigslist buy from the 40s but might not apply to a $10k new vs $2k used. If I bought used it would probably be a midcentury southbend 10in heavy, but I've used or owned a logan and atlas in the same size.
H