I have a major birthday approaching and my wife is keen to buy me a metal lathe

; I have a pretty well-equipped workshop and have made no secret over the past few years of how much I would like to add a lathe to it.
As my actual experience with using lathes is very limited, I would appreciate some advice from those with experience in what would be useful in a general home/hobbyist/small acreage workshop. Also a few questions about unfamiliar terms I've come across when looking on the interweb at second-hand lathes.
-If a lathe is described as a 'capstan lathe', does this machine also have the normal toolpost and crossfeed etc of a normal lathe, in addition to the capstan arrangement?
 Yes.
-What is meant by the term 'centre lathe'? Is this the proper term for the familiar general metal turning lathe?
 A centre lathe is what you are familiar with when you think of a lathe, ie. work can be held between centres.
-What is a 'collet lathe'? 
This lathe will not have a chuck, instead it will have interchangeable collets in the headstock for gripping the work, often found on capstan lathes.  Not very useful for general jobbing work, more aimed at production work, as is the capstan lathe itself.
-Are the combination lathe/mill/drill machines any good? All the ones I've seen seem to incorporate a lathe that is very small and thus presumably of limited usefulness. 
I have had no experience with these machines,  but I would imagine their usefulness to be quite limited.
-How much of a factor is the spindle bore size? I had to take a trailer axle to a specialist a few years back when customising the ends to accept LR hub spindles, but I don't know how often jobs that require a large spindle hole might come up. 
Generally, the bigger the spindle bore, the more useful the lathe will be to you, a bore big enough to fit pipe through to screwcut a thread, for instance would be extremly useful on a small acreage, I would think.
-What are realistic specifications to look for in a lathe for general home workshop use? 
It depends on space money and how much you are going to use it, many on here have talked about new Chinese or Tiwanese machines, but I think if you have the space, I would go for an older second hand larger machine. They will be slower to operate, possibly require more skill to do the job, but one in half decent condition will stay that way for years, way after the cheap new ones are showing signs of wear. It would be worth considering buying one with a three phase motor, and retrofitting a single phase motor to it.
Thanks in anticipation.
Bookmarks