Do yourself a favor and do not get a mini-lathe. I have a mini-mill, and the quality of them is quite poor in many regards.
I know that TonyZ owns a Grizzly 4000, and he's pretty happy with it for what it is. He said it has a metal gear in it, a big plus up from the mini-lathe, IMO. For toolmaking, any of them will do, even the mini-lathe, but be careful about those...you will get sucked in worse than a slightly more expensive machine if you want to do any amount of work on it...accessories and upgrades just never end on those machines...
That said, I have a couple friends that can do pretty good work on the mini-lathe, and mini-mill as well. If you only need to make small pieces, consider the Sherline or Taig. I like the Taig, as I am more familiar with it, a friend of mine has a CNC Taig mill/lathe setup. They are aluminum, but good stuff.
I struggled with this problem, for quite a while, and started to use a friend's lathe, who was helpful is getting me to learn some about cutting metal.
I ended up with an old South Bend 9A, these are pretty good little lathes, kinda what a lot of machinists feel is an entry level machine. I paid $650 for mine, but it didn't come with any tooling... I have a few things I've assembled and can do some basic work.
For the holiday season I treated myself to an Aloris toolpost for it, found one used, so snatched it up...
Bruce, nice looking lathe. Would be nice to have a 14" lathe when needed. I have had a couple things I've wanted to turn that my chuck is not large enough to hold, I have a 5" chuck on my 9" lathe. Of course a slightly bigger chuck and/or reversible jaws would be nice in the interim...
Last edited by Alan DuBoff; 12-27-2008 at 3:17 PM.
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Life is about what your doing today, not what you did yesterday! Seize the day before it sneaks up and seizes you!
Alan - http://www.traditionaltoolworks.com:8080/roller/aland/