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gadabout, have you ever looked at the penn state industries turner craft pro lathe? i believe that it is the same lathe as the jet lathe, but just a different color, and the cost is about half of the jet. since this is a major birthday for you, you might want to consider that lathe, and then give her the hint for some other goodies that you might need like new turning tools, a band saw, drill press, etc.
maybe some others can chime in and answer your questions about the pros of variable speed, etc.
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