Don't forget: The small South Bend lathes DO NOT come with steady rest,follow rest,or the stuff the Taiwan or Chinese lathes come with. I can't recall what all comes with the little SB,but maybe a chuck? You will get royally soaked for those parts.
Edit: I just looked it up. You do not get steady rest,follower rest,4 jaw chuck,or even a stingy face plate!! You get the 3 jaw and a couple of centers. Luckily,you get the threading dial!! Whoppie!!
What irritates me about Grizzly's catalog is they never give specs for the runout of their lathe chucks,drill chucks,ball bearing tailstock centers,etc.,which are normally shown in other catalogs. You don't know what you are getting.
Another thing you are NOT getting with the small SB is a quick change gearbox. Are we going back to the twenties???? I'd HATE to have to change gears from feeding to threading,etc.. I HATE those half a$$ed lathes that DO have a QC box,but you still must re arrange the gears to cut all the threads shown on it. Usually on a decently designed lathe,you only have to do that to cut metric threads. On a GOOD lathe(but only in the larger,more expensive ones),you don't have to change gears at all. One of the maintenance shops in Williamsburg bought a KENT lathe that was so worthless. It was a 14" swing. Tiny little V ways. A stupid QC box that I don;'t think you could select 10 threads from without having to re arrange the gear train. What a miserable piece of Garbage it was.
Another thing you are NOT getting is a power cross feed. What is this? a model "C" in a smaller size?(Model C had no QC or cross feed. Model B had power cross feed. Model A had both on the original 9" SB lathe.
I mean,WHAT are you paying for? The cute SB label? You can get a VERY nice original,larger SB lathe for that kind of money if you look around.
So,when you are buying a small lathe,be sure to find out how many times you have to change gears,even WITH the QC box to cut all threads indicated. The original 9" SB could cut 8 to 224 threads on the QC box,without a bunch of gear changing. The Atlas could,too. My Hardinge only does 27 threads. Fortunately,they seem to be adequate. My 16" Grizzly will cut more if I need them. It is a 1986 made in Taiwan,fortunately.