The Graduate is a fine lathe, I (and I'm sure the O.P. too) would be interested to see examples of alternate lathes for similar money. It has the mass needed to damp vibration, being cast iron rather than pressed steel of small Wadkin, Viceroy, and Union Jubilee etc. Available with 54" bed (that I have) if you need to turn longer stuff. Inverter VFD is pretty much mandatory nowadays on a lathe for bowl work, and is fairly easy to retrofit. There's a good reason there are so many, it's a good lathe. It is quite low, so needs either breeze blocks, or steel H or I girders to increase height. Can be modified to increase swing over bed by 4" which I had done 20years ago. Can also drop outboard rest on steel plate to allow much larger swing. Only problem I have had is when coring very large bowls of 2' or so diameter, 0.75kw motor is underpowered & the support for outboard turning is not quite as rigid as I would prefer. I believe you can fit a 1kw motor, and possibly a 6pole giving lower rpm & higher torque.
I now also have a VB36, for the increased power & rigid support for coring, but have kept the Graduate as it's such a nice machine.