The search feature works pretty well on this forum. There is a large amount of information already posted in reguards to this machine.
John
I sure hope they do a good job on installing tips. I've been using the hand drill/crutch tip method for over a year now but today, I bought a used Harbor Freight mini lathe (just like the one you have pictured) plus some tooling for $175. I've been looking over Craigs List for a couple of months and one appeared in my area. Took a lot of negotiating to get it down to $175 but I hope it will worth it. Good luck in your quest.