The first of us to be able to have an idea in the middle of the night, sit up in bed and take care of it!
Actually, as a guy who has set up his shop in an 11x11 apartment bedroom in Greenwich Village, I'm super impressed. My place does not have a bed, and the first visit since I put in the lathe by a family member who sleeps on an air mattress in that room will be in May, so I'm curious to see how it works. I won't hijack this wonderful thread with my pictures, but will add that the detritus of the lathe and the bench grinder do become problematic. My main workbench, for my fountain pen restoration work, which the lathe is mean to complement, is six feet away and keeping it clean enough for pen work is a new challenge. It is not easy to have oily fingers and then move to the desk and/or bench where oil isn't welcome, or to use the bench grinder, even with relatively dust-free HSS, without getting it around. I'm impressed with your plans for dust collection and removal; it will be needed.
Tim