Nice! I homemade an Yeoman's Lathe myself. I like it, it works well enough when it does work. My problem is the thing is constantly breaking in some fashion or another. It drives me nuts! I'll get a few hours of perfect operation then something will break. I'll patch it up and get another day or three out of it until something major breaks and takes it out of commission for a while.

You'll have to report back in a few months and let us know how reliable it has turned out. Knowing what I know now I would have gone and sweet talked someone at a local scrap yard to let me know when an old discarded metal lathe came in I could buy on the cheap.