This is the lathe, right?
atlasTop.JPG
Are you having problems with the lathe stalling during cuts? That is, the work in the chuck stops turning? When that happens, is the motor stopping or is a belt slipping?
I'm a newbie and I've stalled my Atlas 618 several times. I'm intentionally using a crappy old belt from the motor to the countershaft. If I overload the machine, the belt slips which has saved me from a couple of 'unfortunate events'! I was told that the Atlas 618 is designed for a 1/4 or 1/3 HP motor although I have a 1/2 HP. I think that Robert D. is trying to say is that a bigger motor makes it more likely that gears will get stripped or other parts might break. Worse, you might get broken!
I think your lathe uses "3L" belts, as well. There is some maximum amount of power that such a belt can transmit. (Pulley sizes matter too. Bigger pulleys have more belt wrap and can therefore transmit more power.) For example, my Unisaw uses a matched pair of 4L belts for its 1.5 HP. A really large motor driving a 3L belt would be a waste; it would slip before the motor reached maximum load.
OTOH, if your lathe stalls when taking a light cut in soft material, maybe we can figure how to fix that problem*! What exactly is your experience?
Craig
* Eg, if your motor can run on either 115 or 230 volts, if it is wired internally for 230 but connected to 115, it will have way less power than it should. Correcting the internal wiring would quickly fix the issue. Or maybe you have a bad or inappropriate belt? Maybe a pulley is dished out? Maybe the belts aren't tight enough? Maybe one of the shafts isn't running freely and is wasting the motor's power? Etc...