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I used the older Nova Comet for many years along with some larger lathes. I eventually stepped up to the Nova 3000 which was the precurser to the 16/24. Hold out for the bigger lathe. You'll want one anyway. I really cringed when I bought the Powermatic 3520. That was a huge amount of money to me but I bit the bullet. I never spent my money more wisely. that machine has been a total joy to use.
I like the Nova 16/24 a lot. I think it's a best buy for the price range.
 
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