I'm guessing you dont have much lathe experence.First and foremost be careful because your body will give before a lathe that size does.I have never used a wood lathe but i have ran many metal lathes and I can tell you that lathe that size can be very accurate.I ran a Monarch that was made around 1910 and was still very accurate.It will only be as accurate as the opperator and I say that because even if it has some problems but you know what they are the opperator can compensate for most of the problems.Like I said I dont run a wood lathe and have never made a cue but I will bet most cue makers will agree with me when I say Dont buy the best piece of wood you can get and start practicing.Get a lower quality piece to practice with.I personaly would not suggest you just start running one,visit someone with some experence working with wood on a lathe and I'll bet you can get a ton of knowledge pretty quick