Yeah, I am 100% determined not to mess with grinding my own tools. I respect that there are different philosophies about this, as there are about most everything, including getting into tools: I heard about buying a small lathe then upgrade vs buying an old higher- grade US-made lathe etc. I am thankful for all the input.
I have parsed all these alternatives, and have considered their tradeoffs. Then I decided to buy new, Taiwanese, and a relatively larger size (the 1340) which will very likely be the last lathe I need; for tooling will go for quality from the outset, and inserts only.
Will upgrade the lathe immediately with the Clough ELS, and in the future, consider 3-phase (high likelihood) and perhaps CNC conversion (low likelihood).