Hello Andrew.
If you are after a new high quality machine of a similar capacity to a Myford, but still at an affordable price, then the Italian made Ceriani lathes are also worth taking a look at.
These are 100mm centre hight with 500mm between centres. Like the Myford 7 series lathes, they have a small gap section in the bed. They use dovetail type guides for the bedways, but thankfully have separate guideways for the Camlock tailstock. This allows the use of a long saddle that will remain stable and accurate over a long period.
The top model has a simple quick change fine feed gear box. But switching between screw cutting feeds and fine longitudinal feeds requires the use of change wheels, as the leadscrew is engaged for both, and no powerfeeds are built into the apron. But this is typical of many similarly designed lathes.
I remember reading some feedback comments made by owners a few years ago, and one happy owner enthused it had "Hardinge performance at an import price".
To take a closer look last year I visited a dealer that imports them as well as Chinese lathes and small Emco machinery also made in China, plus the German Wabeco range. The Ceriani had a faultless finish and build quality with a thick and solid bed casting, I was quite impressed. There are some videos on the web showing them being manufactured.
Edited By Lathejack on 24/01/2015 19:32:34