Machpete99,
In what way are they a step up? Will they machine faster and obtain better finishes?
Yes to both. Because they are a heavier, more rigid machine, they can take deeper cuts making them faster, and are less prone to chatter, making the finish better. Also, they are a step up because there are fewer change gears required.
Have you determined your budget? That's really the deciding factor. Without a budget limit to say where to stop, you can ALWAYS buy a better machine.
What is it that you want to do? I know that is easier asked than answered, because you may not have a solid idea of what you want to do / can do. But do you have any projects that you definitely want to do? They can help you determine your minimum size.
You may find yourself saying "if it's worth it" you don't mind spending a little more... which makes it harder. But still, ask your self what features you definitely want. For example, do you want to be able to do right and left hand threading? (If so, make sure the machine you get can do that) If you want to be able to work on longer bar stock up to 1 1/2 inch in diameter, then the spindle bore must be at least 1.5 inches. That rules out the 1022 and 10-30) What's the longest thing you want to work on? A rifle barrel? Probably will need 36 inches and 40 would be better, and a 1 1/2 inch bore will be minimum bore diameter.
These questions help, but sometimes the opposite question can help too: "What do you NOT want?" If you don't want to have to spend time changing gears to do threading. that rules out the 1127. Even the 1228 has some gear changes (for 13 TPI imperial and for metric). If you only want to do imperial threading, the 12 / 13 / 14 series machines will work and you won't really need to change gears. For metric, you still will. There are machines with universal gear boxes that can do everything by moving levers... they are expensive!
Read the manuals and be familiar with any machine you are thinking about buying. Sometimes you'll find things that will change your mind about it, and then you'll know what to look for in other machines.
Best of luck to you, and let us know what you decide!