Ok, here is my question. Just purchases an Rockwell/ Delta 46-525 lathe from the local school. It is pretty decent, but needs some TLC. My question for this group is whether it would be better to go as cheap as possible, put on a new single phase or 110 volt motor, rattle can paint job and Use it... or put out the dollars, get the new single phase motor, VFD, put on a riser to change it from a 12" lathe to a 16" lathe and a quality paint job.
I figure the cheap way I'll have a 12" working lathe for about $500, the full blown way would run me closer to $1400, but it would be close to a new lathe in use.
All opinions welcome!