Are you buying the basic lathe or the tooled up version? I'm looking at this same lathe and Grizzlies G4003 and G4003G, what conviced you? I like the varible speed I assume it's a VFD, I don't like the spindle mount and I would like a lower minimum speed. the G4003G with stand is $3550 shipped the PM is $3087 shipped with stand I'm kinda leaning to the G4003G. Did you read the manual about to make your chuck (if not concentric) run concentric that kinda scared me.
I've never owned either and am trying to get the most for my money.