Hello. I'm new to this forum, brand new to machining, and it seems appropriate to make a first post asking for help on buying my first lathe.
Quick background: I'm a woodworker and metal fabricator, I've torn apart and rebuilt a motorcycle, and generally have good mechanical skills. Hence, I envisioned a first lathe as a restoration project taking months, a great way to learn the machine I'll use. It's a hobby, not what keeps food on my table. Parts I'll make likely will be mostly mild steel, maybe cast iron, brass, and aluminum, too. Considering part sizes, I recently considered but had to reject two WWII Reed-Prentice 16" lathes.
In the crosshairs: I have a line on a 70's era Mori Seiki MS850 very close to me. 17x40. Machinery dealer bought from another dealer/shop. Headstock gears are pristine, even showing signs of not being fully worn-in. Ways (hardened) are great. No steady rest, follow rest, taper attachment, or tooling (but I already have a CXA QCTP and various holders). Only a 3-jaw chuck. Gear change levers are buttery smooth. Not under power. Dealer was tearing down for own use, but stopped (other interests), so the lathe is in parts, resulting mainly from removal of the apron and lead screw. I put my DI on the chuck and pried under the chuck with a 4x4 timber to induce movement; the needle didn't move -- spindle bearings are excellent. Comes with factory parts lists and diagrams, is represented to be complete (and it appears that way to me), and I already know that I can buy parts as needed from Whacheon.
Would I be a fool to turn this down at $4k firm?
Thanks for advice.