Forget 'quality', it's all about condition and what you need. Many of the best lathes money can buy were worked hard until they became worn out beyond repair: scrap. 'Quality' or not, old lathes have history: you want one that's been lovingly cosseted by a few careful owners, not the same that's been mistreated for decades, and then left in a damp cellar before being tarted up for a quick sale! Best to see second-hand lathes cutting metal before buying. And even in perfect nick, an old lathe with several accessories missing can be expensive and difficult to get back into service: you can't get the parts guv!
What you need the lathe is important too: note Bob's comment about spindle bore. Though it's not a showstopper, a metric workshop is better off with a metric lathe. Bigger the better unless doing lots of small precision work. Altas vs Myford is interesting because it was a modern Atlas lathe that inspired Myford to come out with their bombshell design. In the UK Myford spares are easier to find, but if the lathe is in good condition they may not be needed. How much accuracy do you need? Worn machines aren't as good as new! But it's amazing what a skilled operator can do with a wonky lathe. Most lathes can get to about a thou without too much bother. What the better machines provide is the ability to work hard for long stretches plus various goodies that speed up production: a full screw-cutting gearbox means time isn't wasted fiddling with change gears, but change gears just as well. The gear box pays off in a busy jobbing workshop cutting lots of different threads: nice to have but they go wrong and most amateurs don't need one.
Apart from Myford the lathes mentioned so far are ancient. I'm happy with my Far Eastern kit, but if I needed better I'd look for something more modern. Over the last 30 years education and industry have been dumping wonderful manual machines in good order because CNC made them redundant. Colchester, Boxford, Hardinge, and others expensively made for the industrial market, smooth, powerful, hold their settings and user-friendly. Tend to be on the large side though, so make sure it will fit in the workshop and the electrics are up to running one!
I regret dithering before buying a lathe. I eventually bought new Far Eastern, which solves a lot of problems, and haven't regretted it. Much depends on what the lathe is going to be used for. What's your interest? (I didn't have one!)
Dave