I’m glad it works for you, and there’s nothing wrong with it working for you. However, best practice for a homeshop would be to spend $500 on a VFD or RPC and be covered for any type of work you do, especially with a “toolroom” sized lathe. Once again, I’m going for best practice, and best practice vs practicality must be balanced for any project.
For a 9 inch throw lathes’s power requirements, I wouldn’t worry about it. However, I’ve always looked at smaller lathes as a hobbyist’s tool/toy. I don’t want to come across as a snob, but it’s just not the machines I run or the work I do. Your needs may vary.