Mike, an inch and half wouldn't be worth doing. The cost of a good straight piece of steel to replace the wood could be a couple hundred dollars. Not worth it for the small change in height it would provide.
I would prefer it to be much lower so I could sit on a tall stool when doing long operations. I haven't used it enough to know whether I'll be able to get used to it at the height it is. It isn't uncomfortable operating the hand wheels or controls, and I can see the top of the tool when it is cutting, so visibility isn't a problem. I can just see the tool on the piece over the QCTP. Other than that, I don't mind everything being up closer to my head. The veneer dials are at a good distance for my bifocals without having to stoop over as I did with the other lathe.
The x-wheel is well below my elbows and the cross slide has a power feed so that will cut down on a lot of turning that wheel, which is 3" above my elbows.
My other lathe was much lower and that is what I am used to. I'll give it a while to get used to. If I can't and get uncomfortable, I guess I'll have to come up with a plan B. Plan B might be a platform to stand on.