Hi Kent,
Almost a year ago I was in the same situation as you except, I was not replacing a broken lathe, only replacing one that I had out grown. I looked at many lathes and I can honestly say that the price of the lathe was a secondary consideration for me. What I wanted most was a quality instrument that would last a lifetime. I seriously looked at Oneway as my primary choice and I also considered a Stubby (The importer of Stubby lives here in Nashville). But, I had the good fortune to see a PM3520a side by side with a Oneway 2436. And, what I found was that except for the color of the two units, they were very similar. There were a few things the PM could do that the Oneway couldn't. The headstock on the PM will slide the full length of the bed while the headstock on the Oneway is fixed. The movement of both headstock and tailstock could allow for almost infinite configuration of the lathe to satisfy your turning needs. The new PM3520b has refined some of the features of the "a" model. So, in the long run what would drive my consideration of which lathe to buy?
Well, I was able to get a deal on a PM3520a that provided me a 18" bed extension that allows me 53" between centers, an outboard tool guid stand that weighs about 300 lbs and is the most massive I have ever seen, a collection of tool rests, indexing ring, Oneway Stronghold chuck, and other accessories that I am probably forgetting all for a cost $3K less than the Oneway. Now, as I said, the price of the lathe was clearly secondary for me. But, for the life of me I couldn't find a reason to buy the Oneway over the PM. So, for less than $3K I bought the PM and had plenty of money left in my pocket to buy tools and wood...
But hey, this is just my opinion. I have come to understand that picking out a lathe is a lot like picking a lover, lots of subjectives in the consideration...