Thanks for the kind words
If you intend to run electric seriously, you might as well consider buying one right away... especially if running mod, even the "mild" ones. And since machine-wounds wear out even faster...
You can also check here:
http://search.ebay.com/lathe_Radio-C...2QQstrkwZlathe
Try to get one with a diamond bit (and be careful with it)
Or Find a good, used one at your track. It's one of the most often overseen RC investment. There's no point in running fancy batteries and dumping $200 on a charger if your motor runs like crap because it hasn't been trued regularly
A good lathe will last you a lifetime of RC'ing... ask the folks who still have a Twister
cheers,
Paul