Out of interest my old lathe is a Smart and Brown. Nice old lump of cast Iron but imperial (for my Brit bikes). Used to have a Chinese lathe... For about a week...
I am envious. My first lathe, which was bought in partnership with a friend (who now has sole custody of it) was a Crowthorne, it had a 12 ft bed, the 3ft closest to the chuck was a "drop bed", it could incorporate a 24" swing with the drop bed in place and God knows how much with it removed (I don't think we ever did). Power feeds in all axis it was and is a truly lovely lathe.
Shortly after I moved I bought a nasty Chinese 7*10 which ?I improved a lot by throwing away all the bearings and re-doing the bushes. I was about to start properly scraping the ways and making a new tailstock (the one that came with it was off center and not adjustable!!!!) when I realized I was throwing good time and money after bad.
I sold the pile of cr@p and bought a 12*36 gear head with QC gearbox. I actually got a very good deal as my lathe was supposed to be CNC, but the importer had robbed the CNC components off it to honour someone's warranty claim. I like the idea of CNC, but as I am not planning to mass produce anything I can happily live without CNC.
It was missing a couple of bibs and bobs (I had to make my own traverse and feed control wheels) but the price I paid more than reflected those omissions ($AU600)
I can only think of 2 or 3 jobs where the old Crowthorne would have been able to do a job that I could not do on my new one, so I guess I'm very happy.
I do want a mill and frankly I'd love to have a shaper again. The downside of a shaper is that there is virtually nothing you can do with a shaper that you cannot do in 1/5th the time on a mill. But the huge advantage of a shaper to a hobby user is that because of the low speed of cut, you can hand make your cutters out of tool steel and get good life from them.