About 4-5 years ago, I decided to do what you are doing. I really didn't know anything about type 1 or 2 so in that case, ignorance was bliss. Anyway, I found a guy not far from me who had a type one with the old tubular style stand and light. He was asking $300. I offered him $200. We settled on $250. I brought the saw home and really knew nothing about them. After cleaning it all up and adjusting it, I set out to using it. After that, I did a lot of reading here on SSV and learned alot about my saw. I also watched the 4 part video that Bob Brokaw/Gwinnette Woodworkers did on Youtube. I took mine all apart and did the whole clean and grease thing with synthetic grease. I found no bad bearings or sleeves. Something to look out for. Anyway, long story short, that saw ran and worked like a champ. I did finally sell it when I bought my Excalibur but it was a great saw. If you found one for that price, I'd try to get it cheaper but if it's in really nice pristine condition, go for it. If it doesn't have a stand or light, I'd have to step back and really dicker on it. Of course your location will make a huge difference. I live where there are 40 million people so there are a lot of used anything on Craigslist. I never have a problem finding anything if I'm patient. Best of luck. And, by the way, introduce yourself and fill out the profile info so we know where you are located. Welcome to the Village.