Dave, I agree, get the lathe first. Base your decision on getting the lather that best fits your needs and is the best deal.
A good lathe will be 3 phase unless someone has changed out the motor.
Once you have the lathe, then a better decision can be made as to how to power it.
One of the disadvantages of a single phase motor, they don't reverse on the fly. It has to stop first, then restart in reverse. They also don't like repeated starts, hard on the start windings and contacts. Having the ability to quick reverse and jog comes in handy when tapping.
Some of the older lathes used a mechanical reverse. The motor was started, always ran, always ran the same direction. For one of those, a single phase would be ideal.
I would see what lathe you come up with first. Now you know it can be powered regardless of weather it is single or 3 phase.
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