I have just purchased a Grizzly G0506X3 18" commercial bandsaw with 3 hp motor that I intend to use primarily in a straight line/ripping operation. I got this machine inexpensively for the size machine and all of the primary components appear to be in useable condition and I will be evaluating its performance/capability to determine whether I want to refresh/restore it. Is anyone familiar with this machine? Will it properly tension a 1" band for ripping? Would you invest $1500 in this saw for initial purchase and restoration?