I mentioned this to Jester966 offline, but thought it might be valuable to others stumbling across this thread:
My Wards/Logan 10" has a quick-change gearbox which is a great convenience for threading, but it does have a downside: you lose some carriage travel to the left because it interferes with the handwheel. I use 3C collets a lot with my lathe and the loss of travel is annoying. I sometimes have to stick the tool and compound out further than I'd like when cutting close to the face of the collet.
If you use collets it can be an issue, but a chuck will move your work a few inches to the right anyway, which is enough to eliminate any interference most of the time (unless you're angling back for a left hand cut for some reason).
On the other hand, without a QCGB the power feed on Logan is a lot less useful. If you have to manually swap out gears to change feed rates, 99% of the time you'll leave the gears on that give you a very slow feed. This means you'll only adjust speeds and not feeds when trying to eliminate chatter or get a decent finish. It's a lot easier when you have two variables at your disposal.
One of the best things anyone ever pointed out to me was that doubling the feed and halving the speed (or vice versa) removes the same amount of material — keeping this in mind can make it a lot easier to get a decent finish.
I agree 1000% with Eeler1's advice, regardless though. Get it working, then think about upgrades!
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Rex