Hello, this is actually my first post and not the way I would care to make a first impression but... I have been looking for a lathe and I have found a rebuilt powermatic 90 with variable speed new banjo something or other, new bearings, a bunch of face plates and I can't remember or know what all he mentioned, sorry!! Anyways would 1200$ be a good price and is that the way to go or a jet 1221 or something similar?? Please help and I will give a proper introduction ASAP.. Thanks, Jay I don't have much time to make a decision!! You guys seem pretty knowledgeable