Go with the new machine, even if it is a product of free trade [:@]you will get the desired results quicker and easier for only 60 bucks. I have the next gen South Bend with quick change gearing for the feed rates in my home shop, but I learned on one similar to the one you can get for 300. BTW I have been a tool maker for 20 years now and any who choose to disagree with me it is your right... wrong but still your right.