Speed translates into feet per second, or meters per second. A small spindle at 3000 rpm is traveling at a slower mps speed than a 3 cm (I think that is about 12 inches, we Yanks don't really know how to think metric yet, at least not us older ones) bowl at 800 or so rpm. For cutting purposes, I prefer higher speeds as the wood cuts easier and cleaner than it does when I cut at slower speeds. I also am a production turner, so time saving is important to me, and I push my tools. I have a friend who comes over once in a while who turns on a Legacy Ormamental lathe which does all sorts of fancy spirals and such with router attachments, and has a high end speed of 200 rpm. That is the speed he uses on my lathe. It would drive me crazy to turn that slow, but that is what he is used to. When starting, I would recomend that you start slower, as you will probably find that more comfortable, and if you want to, GRADUALLY increase the speed. A frequency drive which offers true variable speed and torque at all speeds is really nice, and I can't imagine how I got along without it now that I have it. The stepped pulleys work, and are what I learned on, but can be difficult for bowls, because if you have a blank that is perfectly balanced and centered, that is more of an accident or luck than anything else. Starting a chainsawn blank at 500 rpm can be rather exciting on a light lathe.
For sanding, I prefer as slow as I can go. I turn green to final thickness, and let the bowls dry and warp before sanding. You can't keep a power sander on a warped bowl at more than about 20 rpm, and can barely keep hand sanding in contact with the wood at those speeds either. Fortunatly, my lathe could be adjusted to go that slow. Sanding at slower speeds seems to do a better job as well, you don't skip over the wood as much. I also keep my power sander at slower speeds. It has a max speed of 1200 rpm, and I put a piece of cork under the trigger to keep the speed at closer to 600 rpm. The surprising thing to me was that there was no difference in how much time I spent sanding.
robo hippy