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BTW...regarding the DRO...I've been looking at magnetic (hall effect) rotary encoders. There's some interesting devices out there. One that provides up to 16384 counts per revolution...another that provides 1024 counts as well as quadrature and even brushless motor control signals. Anybody playing with these? AS5048, AS5040. There's also an AS5306 that can be used as a linear encoder.
On-the-fly speed adjustment sounds great (facing large pieces, stopping chatter, super fine finish, etc.) but like some others here I don't trust electronics and doubly so for far eastern electronics.With a VFD you're not dependent on a long-out-of-business supplier to repair/replace your motor controller board. Power crossfeed is a real blessing when facing large pieces. It's also nice if you intend to mill on the lathe. That practice is more common abroad than here in the States so it's not a deal breaker for you, Zee.