I have a old Stanley router. It came with a door planer attachment, and dovetail jigs. It has a 1/4" and 3/8" collet. Not sure of the horsepower, but it is pretty stout. It has been my main router for a couple of decades.
However, I did buy a PC a year or so ago, and recently got a Craftsman set up at a bargain price. I have to say the soft start, the adjustments, etc really make a huge difference. Depending on what you plan on doing with the router, you may never notice the horsepower difference.
I would probably make do with what you have until you can afford a newer unit (unless money isn't an issue), unless you have a project where you are going to use big bits or do some serious heavy routing.