I'm jealous... I have the model just below that one, a 1442, and while I love my JET... if I had it to do over given the same circumstances that I had when I bought mine and knowing what I know now, I would have opted for the 1642.... Mine has a Reeves unit that while it's given me great service, also has given me some problems... I've rebuilt it about 3 times in the 8 or 9 years I've had the lathe. Congratulations and quit procrastinating... you get inspiration by just being like NIKE -- just do it!