I hope it helps a ton and a halfMoving a 3000 lb lathe is not a trivial undertaking.
Next step should be learning all about the lathe (unlike the guys in the video who I can imagine are saying "what does this lever do?"), and about lathe operations. My little 1960's 10 x 24 with a 1hp motor could rip a finger off with ease, your 3 hp monster could turn your entire day into a blood bath in the blink of an eye.
Dave
PS does that beast have a 3 phase motor ? if so, do you have 3 phase power ? if you answered yes then no, google "3 hp phase converter"
I will ask him if it is. I am not sure what 3 phase means. I know what 220 and 110 is.