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Congrats, Jim. I've not used one, but based on other peoples' comments, I'm sure you'll be real happy with that lathe. And you're right about most of your purchases being applicable to the next lathe, too. Heck, a lot of guys that have big lathes keep their mini lathes (especially if they're Jet mini lathes) for turning the smaller stuff. They may be small, but they are professional quality.