If you want to turn you will need a cross slide and tool post. Tool post is easy but you dont want to make a cross slide ahaha.
I love old iron, but I would take a new pm or grizz as well. Or used for that matter. Unfortunately for you, there simply are none listed in your state in your range. Shoot I got a 9x20 import and it does awesome for what it is
I just think used buys more. It dont have to be old or US made, just used. We ot a msc at the shop gotten used that works awesome. 2in spindle bore, draw bar, collets, steady and follow rest, qctp and holders and almost brandnew for like 3k. The coolant tank had never even had coolant in it
In school all but one lathe is import and they all work fine. But I like the old beat up turnado we got. It's huge and is hungry to eat alot of steel compared to the smaller imports.