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Here’s what I’m thinking. First, I’ll set myself up with some ER-16 collets. They look like the perfect solution, and I’ll use them regardless of what lathe I end up using. I can try them with the Unimat with an inexpensive straight shank milling chuck, so I’ll give that a try. I’ve been cutting soft steel with carbide bits on the Unimat, although nothing requiring great precision, and I’ve found it to be reasonably workable with small cuts. If I can’t get precise enough cutting this way, either because of flexing, or using such a roundabout way of holding the collets, a new lathe will be the answer. Eventually, as my finances allow, I’ll sure I’ll pick up another lathe anyway. The Taig looks like a good choice. Thanks to everyone for all the great advice and information here. It’s a lot to think about.