Thanks for the reply.But what I'm confused about, though, is that it says lento, which is much slower than 130.I know that in the end, I should use the tempo that appeals most to me; I just want to understand why it says lento, but has such a high bpm.
I suspect it is Lento if you feel it as one beat to the measure, rather than three. In that case if Lento = 40-60/min, then 3 x about 46 = 138 bpm.
I think the key point here is that it's a waltz. Waltzes are meant to be danced to and thus cannot be too slow to the point of where dancers are forced to be suspended in awkward positions for long periods of time. Since this is a waltz to be danced to, one should always keep the flow going, however, Chopin does write Lento. I think that what he means by Lento is that it should be as slow as possible while still maintaining the waltz feel. Someone correct me if I'm wrong?
I don't think you are wrong; what approximate tempo in bpm (either in 1 or in 3) would you suggest would meet the criteria you've specified? Would it not fall into the range of 40-60 measures per second?
I don't think you're wrong. You might be missing something. Waltzes vary. In particular there are national character aspects. Think of a Viennese waltz. That instantly conveys a tempo and a swing rhythm.