I have a vintage Craftsman lathe model 113.228162 that was manufactured in the mid 80s. I really enjoy it and it seems to be doing a great job. I am new to turning but bought the lathe new probably 35 years ago. Using the old Craftsman tools and also have a set of Chinese no name tools that I have not used yet. I don't know what advantages I would realize from a newer lathe but this one seems to do a good Job.