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I have a taig lathe and it is a great tool. Well made and accurate. $230 is a very good price assuming that it is in good shape. I don’t think you will be disappointed. At that price you can resell it and probably not loose a dime if you find it doesn’t work out As you thought. Good luck.
Great website to see what can be done with a taig lathe… http://www.jrbentley.com/