Do you have space for a king size frame? I have a Majestic and it is huge - 46" wide and 128" long. That is just the frame. You need space behind for laser work and space in front for free hand work. You need space on the sides as well to adjust the railings and sneak behind the contraption. Unless you buy it used that is going to set you back about $2000.
Baileys 17" looks like a good, sturdy workhorse. I have just set it it up and did not have much time to play with it, but a little time that I had it looks and feels pretty sweet to me. Learning curve is high, but that I really do not mind. One thing to remember about the Bailey is that it is no frills machine modeled after Singer 15 I believe. I did not use the stitch regulator yet, so cannot comment on that. It sews 700 stitches per minute and for me that is fine because I am used to slower machine since my DSM is a mechanical Singer. If you are used to higher stitches per minute you may have to slow down a bit. You can get it on your budget especially if you buy one that was a classroom model. Talk to the owner, he is a really nice guy. The best would be to try and find someone close to where you live and try it. That will be the best because you would know if it is for you. I bought mine unseen because I really wanted the Bailey for their customer service and the fact that they are a family business from NY state. Also, I knew that we could never, ever afford any other long/mid arm. Good luck to you. There are many people on the board who own different set ups and I am sure they will give tell you their experiences as well.