There is a big spread in what some folks think is a reasonable price. But lathes tend to be built to a dollar value. Cheaper lathes...cheaper quality - and more problems. You had had the "price conscious" experience once. And, I know you don't want to repeat it. Steve Chaplin's list in an above post pretty much covers the top-tier of lathes. You can expect accuracy, durability, mass ( yeah... we buy 'em by the pound just like cattle...)
I currently own a Robust American Beauty - and am very happy with it. But - they are pushing $10,000 fully loaded like mine is. My previous lathe was a Powermatic 3520B, and I miss it some days. Heavy, solid - and dependable. AND...with a company that has good support to for their products in my past experience. ( COVID has changed a lot of things - including customer service with many companies...so you mileage may vary....)
There are a lot of them out there used in the $3000-$3500 range, and parts are pretty available if ever needed. There are a couple of design improvements in the new "C" model that are nice. The banjo locks easier and a couple of other minor things - but at a retail of $5699....well - like I started off saying...it depends on what you feel comfortable spending. The Powermatics are hard to wear out, and simple design.
Hope that helps. As a fellow Son of the Republic....( and Aggie...) I saw your post and wanted to offer what I have experienced. Keep me posted on your decision. And...go by Mary's in Strawn and have a chicken fried steak for me. I miss Texas...food and culture.....
T