Welcome Chris.

​From my perspective your thinking on Warco equipment is on the right track; mind you there are a lot of very similar machines but badged differently, The majority are made by Weiss in Zhangzhou in China anyway but to ea. sellers requirements, AC as opposed to DC motors, belt driven as opposed to gearbox etc. etc. look to what comes as supplied with the machinery, quite a lot comes supplied with Warco's equipment ( usual disclaimer ) whereas with other sellers a lot are optional extras.

​Bear in mind that there is always extra tooling you will want ( oh yes you will ! ) so budget for that. Look at all the suppliers websites to see what is on offer & what extra charges are involved ( some charge delivery ). look at getting decent drill sets, metric & imperial, plentiful supply of centre drills, spotting drills, a ER32 collet set, keyless chucks, just to mention a couple.

​Whatever you end up with practice with it a lot to find out it's capabilities before you embark on your first project, from what you say that your a beginner, you've at least some experience on a lathe so it won't be long before your first project kicks off, the main thing is … enjoy!

​George.