Thanks for the feedback. My dad was a GREAT tool and die maker back in the 70's and 80's. He's gone now and I was bitten by the woodworking bug a few years ago and now seem to have gotten bitten by the metalworking bug (still love wood too).
Unfortunately, I didn't really have an interest in metalworking while dad was alive and don't really have substantial knowledge in the area. This will be my first lathe, metal or wood (haven't really needed a lathe in the woodshop yet). I'm looking forward to trying to rebuild it and then making some chips.