Bill: Congratulations - and welcome to the fold. I made my decision to purchase even before they had made landfall in the USA. Based upon what Roger Chandler had stated, and his experiences with Grizzly - the price and options made the selection easier. I was the guy who wrote to Papa Grizzly regarding the inadequacies of the banjo, and he listened and made good on a redesigned banjo to all owners.
I've had my G0766 for 18 months, and I've had virtually no problems. I've had to replace the speed potentiometer, but that was simple enough. The main problem is this: I cannot walk through my workshop area with getting sucked into that VORTEX. It's so much fun to have a stable, solid lathe and I live in area where hardwoods abound for free after every storm. Enjoy, and keep your tools sharp.