Drechselmeister Twister FU-200 ( for details, look at Simon Hope's website). 2 HP motor, 16" swing over bed, 44" between centres (with bed extension), 32" swing off bed. Almost identical to the Axminster 1642 lathe. In its price range, these two are basically unbeatable.
Two (really minor) downsides are:
a) When returning the headstock to its normal position (from swiveled away from the bed), you need to manually align it with the tailstock, otherwise the offset will cause all sorts of funny effects when turning between centres.
b) The banjo is identical to the bigger Stratos model, and in consequence the lowest position achievable for the tool rest is OK, but ideally could be a bit lower. This would require taking material off the top of the banjo, which i am not keep on doing.
Other than that probably the best value your money will buy in this size.