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Midas 1220 XL lathe

Hi, I'm considering to get a lathe and wondering if any one can offer comments and opinion about this one? Or in general?
How critical is spindle bore? This one is 1.03"
It's 3/4 HP
Thanks!
http://www.smithy.com/product_specs.php?cid=1&scid=29&pid=1013
 
The bed is to short on that one for doing barrel work between centers unless you do pistol barrels..
The headstock at barely over a inch will pose problems also if you plan on chambering through it if I'm reading your numbers correctly...
 

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