I'm actually waiting for parts to give it a go on my PM1127. I ordered a larger stepper, not the hybrid. He mentioned testing both successfully, and I don't need the higher speeds. I suspect the stepper is overkill, but it wasn't that much more expensive than the smaller ones. I ordered a couple of belt and gear options, and the lathe has a gearbox for rough adjustment.
While I have ESPs and other micros around, the cost of the MCU wasn't an issue. I know that it works and it looks like it has plenty of headroom. The MCU has a free IDE that is cross platform. Not quite as easy to pick up as Arduino, but it doesn't look difficult to work with.
I know it's not much further to go full CNC, but I've been wanting to do at least the feeds this way for a while, and threading needs almost the same setup. That's enough for me, having a lathe has taught me that I always want a manual lathe around. CNC might be interesting on a second lathe in the future if I use my CNC router enough.