So after taking some advice from all you knowledgeable guys i waited to find a used lathe locally instead of buying a new lathe. So here it is

Older early 80's taiwan 12x36 with 1.5" MT5 spindle bore. It has everything im looking for in a home hobbiest lathe. I ordered a quick change tool post and am working on a coolant pump this weekend. Also I installed some Cheap DRO on it just for a quick reference. I figured the DRO isnt going to be used for any barrel work just rough cuts to get close then mic everything once im close.
These are the first threads I cut on it last night, i was using a cheap carbide insert so the finish is not great but they are 1/2-13tpi

Everything seems to work pretty good and smooth on the lathe, a hell of alot better then the first lathe i had.

Older early 80's taiwan 12x36 with 1.5" MT5 spindle bore. It has everything im looking for in a home hobbiest lathe. I ordered a quick change tool post and am working on a coolant pump this weekend. Also I installed some Cheap DRO on it just for a quick reference. I figured the DRO isnt going to be used for any barrel work just rough cuts to get close then mic everything once im close.
These are the first threads I cut on it last night, i was using a cheap carbide insert so the finish is not great but they are 1/2-13tpi

Everything seems to work pretty good and smooth on the lathe, a hell of alot better then the first lathe i had.