Ahhh what the heck, I might as well chime in too. I started on a PM 1022 lathe. At first, I thought it was a really nice lathe, and for the most part it was. Blondihacks does some really nice work on one. I built a custom stand for mine out of tubing and had some shelves underneath for storage. Not as elaborate as David Best's, but it got the job done. But, I started to find more limitations with the length of the PM1022. I started looking at used American Iron, specifically the LeBlond line, but really did not find what I was looking for. I also was not real comfortable buying a used lathe because I was unsure as to how to evaluate the wear that it might have. In the end, I bought an Eisen 1440 (same as the PM1440GT). I can do better work on the 1440 than the 1022 because of fit, finish, and weight. I love it. I paid $7600 for it, delivered. Three months later the price is $13,200.
There are a lot of lathes that advertise a heavy cast iron base, but to me, that is somewhat wasted space. Build a heavy stand that has drawers or shelving that can be utilized for tool or stock storage. I personally would not put a lathe on top of a tool chest; It seems that it would not have the integrity to prevent cutting issues.
If I was you, I would either get the 1236GT or keep looking for good used iron.