I looked on the web, and did not find an answer to some basic questions about the South Bend 9 x 20 lathe (Yes, I know that there are different models). I know zilch about lathes, never run one. I don't have any buddies with lathes, so I would probably take a course at the local community college.
Roughly how big are they? What is the footprint?
How much do they weigh?
Any good webpages on how to inspect one or value it? I know wear is a big issue, so look for slop. The electric motor is another, I don't have three phase in my shop, and a VFD is $200 or so. The webpage below seems like a good place to start.
I have probably read a hundred posts on the relative merit of new cheap lathes from Asia vs. old iron, so no need to rehash that debate. I would probably not want to undertake a major rebuild, I don't think I know enough for that to be a good plan.
Thanks, Richard