Gary,
Here is a good discussion on various options for lathes. The Eisen posted by MKSJ is real nice one with its options.
http://www.hobby-machinist.com/thre...athe-should-i-buy-question.49329/#post-415789
I have an ACER 1236 with a MT5 spindle taper and D1-4 camlock. It serves me well doing barrels and making jigs and stuff. So far with pre-turned barrels that you can get with just about in any contour I do not see the need for a longer center to center since taper contouring barrels is not something I plan on doing.
However, I am in the process in installing an older belt drive Jet 1024, a very stout little guy. With its very short spindle it will be a dedicated machine for chambering AR barrels in the headstock with an outboard spider.
Features?
For me, short spindle for chambering in the headstock. You can chambere between centers as others do, which way is what you are comfortable with.
Variable speed drive. I am spoiled with the VFD. With the VFD I thread with the half nuts engaged the whole time, again just my preference.
DRO. I do not have one on the ACER, but the dated analog TravADial I have on the lathe has been great. I think I prefer to follow the revolving hands of the TravADial over the fast spinning slot machine like numbers on the DRO when turning to a shoulder. There are times when I wish I have a DRO on the cross slide, but with the 2 inch dial indicator feeler on the tool post I can make fine adjustments. TS DRO or dial indicator when chambering as verification, but I rely mostly on the Dave Kiff/Nat Lambeth MARS, micro adjustable reamer stop.
I do not use coolant, a feature I may not use even if my lathes were equipped with one. Just don't want to deal with the coolant mess.
Belt drive over gear drive, I hear from people that the belt driven machines tend to put out better looking threadat over the other. I will soon find out when the Jet 1024 is operational.
Caveat, I am not a gunsmith nor a machinist, I am just responding with the little I know and learned when I ventured into doing barrels for my competition rifles.