If i were to add my .02 worth i would say on the collets to check out (800watt) on ebay, you can usually bid on them and get em cheaper than $130, i think i paid around $65 shipped, less than half of what you found. Also, while Curtis said that lathe comes with a live Center, you may want to consider buying the one you had listed only because the stock live centers that the mini lathes generally come with are very cheap and the point is not a true 60 degrees, which is what you want when using it with the pen mandrel.