The advice received here has been very helpful, and brought up a lot
more questions. One of those of interest was on thread cutting, it
looks like it may be a problem with the Taig lathe, while on the
Sherline it seems that the motor comes off and the threads cut by using
a hand wheel which has pros and cons.
Another task I'd like to do is knurling. Sherline has a knurling
attachment of an unfamiliar design, but I have not yet found out what
type of tool is used on the Homier / Craftex. I'm having a little
trouble finding information on a knurling tool.
I like Vince's comment;
If you buy it now and stash it away, you'll make room for it a lot
sooner than first making room and then buying it.
It sounds like advice from someone with experience.
Finally, I'd consider buying a used lathe, but I think that the shipping
costs would make it more expensive and a higher risk investment than
getting a new one from Edmonton.
Ron (in Yellowknife)