I think you will be happy with your new lathe. There is some spirited debate on whether a Logan is better than a South Bend, but they are certainly a step above Atlas.
Scott Logan is an amazing resource for these lathes and from my understanding the main reason there is still support is simply because they have the Logan family name on them. All the real money came from some widget invented for elevators.
Not cheap but you can still get almost any part needed to keep a Logan running from Logan actuator which is not often the case for very vintage machines.
@Aaron_W you have no idea how excited I am to have been able to find this lathe... specially for the price. I am really looking forward to using it. But first I need to make it look good first. I am shallow like that, so
I have been reading threads in the yahoo groups... and watching videos, and looking at the parts diagram, and going over the lathe with the diagrams to check what is what...
I did had an exchange with Scott Logan when I was looking at that turret lathe (I did not know at the time what that was...)...
I want to make sure that I inspect everything to determine if anything needs replacing so that I can get the parts as soon as possible...
Looks like, so far, all I need to do is wire the lathe properly... that is it. Maybe, as I take it apart to clean, recondition and paint, I might find something needing attention...
Anyway, I just finished installing the belt cover, hinges, lever, etc. Belt tensioning working fine.
Wiring next to get it running again... it was partially hardwired at the previous owner's garage... so we had to cut the wiring to get it out. I want to have it with normal plug so it can be easily disconnected. At some point I need to move it to Ocala.