I feel inclined to tell my story here. I was in the same situation. I fished a Beseler 23c xl out of the trash one day and set it up, collected all the necessary parts. I discarded the condenser for a Aristo Cold light Vario and went to work. After a while the alignment started to bug me, specifically since it went out of alignment from 8x10 to 16x20 in ways which couldn't be compensated for without little shims all over the place. So I went looking and researching for a new enlarger. I ran into a photographer in DUMBO who was downsizing and he gave me his Leitz IIA for a small fee. The Leitz II's are IMHO the fortress of enlargers and after working with this IIA I have to say I can't imagine having another enlarger. But I had to get another one, why, well the Focomat IIA's have the dubious distinction of having lenses which are difficult to replace with current lenses. The old Elmar's and Focotar's are not considered top of the line as far as contrast and sharpness are concerned, but I tell ya they make beautiful prints non the less. The normal lens that came with the IIa was in pretty poor condition, fog, fungus, separation, but the medium format lens was in great shape. I was shopping around for another better condition IIa Elmar when I ran accross another Leitz enlarger for sale at a good price, this one was a Focomat IC Color, (which means it has a filter drawer in the head, yippiee no more under the lens filters for me, a luxury indeed!) The Ic can take any lens you have plus the old focotar's if you have a 15mm adapter. This enlarger is by far the nicest piece of equipment I've ever used. The down side is that it only covers 35mm. My current arrangement then is the Focomat IIA for 6x6 and 6x9 and the IC for 35mm, they take-up more space then I would like. I'm waiting for A Focomat IIC to come along, that would be the one, a IIC Color with Focotar-II's, but they still fetch 4 figures. I agree with the previous poster go for a decent 4x5 if you can, next try for Focomat IIC, after that well its all compromise.