I don't have any additional pearls of wisdom that haven't already been posted. I'm in the buy the biggest that you can afford and have the room for camp. Get a smaller chuck to mount in the main chuck and/or collets for the smaller stuff.
First picture, that one can stay for sale for ever!!!
I have an overhead crane to change chucks and load shafts in this lathe. The 12inch 3 jaw weighs 90 pounds, the 16 inch 4 jaw 140 pounds. Had 300 pounds of 3 inch shaft in it the other day. But it will still do relatively small work.My definition for a too big lathe is: if you need a crane to load it and unload the workpiece is too much lathe.