Typically Russian gear sold on the Western market were good, solid, functional designs but lacking some of the trimmings.
Assuming it’s not been abused I’d expect performance approaching a Pultra so likely to be better than the “priced for a Model Engineers wallet” Chinese imports. Although these days the Chinese import issues seen to be mostly quality variability with good ones being very good. The days of needing full on fettling session before putting into service seem to be long gone.
Do remember its bench lathe with no longitudinal feed which limits the style of work that can be done.
If you are going to use ER collets you will most likely have to make your own collet chuck. If done on the machines own spindle it will be very accurate. But how to cut the threads?
Clive