She is. I'm sore all over from 3+ hours wrestling the beast into her home. I'll do a bunch more pics tomorrow, but highlights include: 3 hp motor, pull out chip tray, cast iron base and turning to (many) inch threads without any change gears. So far it is more than I expected!
I am not an experienced enough machinist to say with any certainty if 8 is enough. Matt said basically the difference between this lathe and the 1440B which has 16 speeds is the b has 2 pulley sizes. I think I would be more apt to do something like that to get 35 rpm on the bottom end. I mainly machine steel with HSS cutters so right now I think this setup will work well.
No chips yet, but it is cleaned and powers up fine. Need to level her out next, then start whittleing down some steel.
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