I'm in the process of putting together a bandsaw-centric shop -- at least for a year or two, when I'll expand my current 12' x 30' shop into a 30x40 and add tablesaw etc. I had planned to pick up a Grizzly G0514X2, but was tempted yesterday by an interesting option I'd like everyone's opinion of.
My brother-in-law is one of those folks who always is looking for good cheap buys on stuff (tools, vehicles, ski-doos, you name it), fixes it up a bit, and re-sells it for a little $$. Last week, he happened on an old Powermatic 81 20" bandsaw at a cabinet shop that was shutting down. He bought it for a song, and would sell it to me at his cost (around $500, I think).
I looked at it, and it needs a little TLC, but mostly in great shape. We don't know yet if it's single or 3-phase, so that may factor into things.
What do you think? An old Powermatic 81 or a Grizzly G0514X2? By the time I buy Powermatic and invest a little in it for new tires, new paint, fence (fence is missing) etc., it still would be somewhat cheaper than the Grizz. If I have to put a new single phase motor in it, the price will likely be a wash.