Now that I found a new photo hosting site, I can finally get back to posting about these things :P
So here's my lathe in its new home... It hasn't been leveled yet, but I've been putsing with it here and there. I turned a new arbor for my 1950s Craftsman Bandsaw (which you can see in the background of the 2nd picture) but otherwise I've just been experimenting, and playing with it for a few minutes here and there...
Some observations so far are, I really need to move the flat belt drive pulley further away, or make it adjustable somehow. They're just too close together, I can't change speed without stretching the belt out. The tool post really sucks... It just doesn't stay still when you put the tool to the piece, and it's a bear to get it adjusted just right. A quick change tool post is high on my priority list when I'm not poor anymore :P The slides for the vise are probably a little more worn than might be ideal, but doesn't seem to be overly bad. I think some fine adjustments will get me close enough when I feel like throwing a day at it to get it as perfect as I can.
I keep flipping back and forth between I'm screwed, or it's amazing :P And I need to figure that out before I invest in upgrades for it... It's most likely perfectly good enough for my purposes for the time being. I just need to learn how to use it a bit better, and figure out the tooling a bit better...