I have HF item # 34706 which I think is the one you mean.
It's completely adequate for my current needs, but I can tell you what some of the limitations are (which might also be limitations of the other lathes that are a comparable size).
1) it's 12" swing over bed, but only 9.5" swing over the tool-rest banjo; I've found ways of working around it with the extra arm in the banjo so that I don't have to go outboard for a 11" bowl
2) a deep 10" blank that is out of balance can make it dance
3) the slowest speed setting is a bit higher than I'd like for big bowls (see point 2)
4) it can bog down when taking a good shaving off a large blank -- perhaps the motor isn't as powerful as they claim, or perhaps the Reeves-drive belts slip a bit. When I take a lighter cut, it's fine.
5) Make sure the head and tail are properly aligned (point to point test with the spur drive and the live center). I had to take one back because it was over 1/8th out of alignment -- it cannot be adjusted without machining the cast iron, or I would have simply fixed it myself
BTW -- if you decide to go ahead and buy this lathe, you can get a much better price than the current "sale" price of $279.
Get a copy of Wood Magazine, they always have a HF advert with a 20% discount coupon ... starting at the "regular" price of $299, that brings it down to $240.
I bought mine in the January 1st sale, there was a 25% off coupon -- if you can wait till Black Friday, there might be another deal like this.
(edit: many other magazines besides Wood Mag also have the HF ads with 20% coupons -- if you can't find one, I'll mail one to you)
Last edited by duncsuss; 11-03-2011 at 07:09 PM.