Either would probably suit your purposes, but bear in mind.
The Colchester should be a good machine. If ex college will be relatively unworn, but might well bear trhe marks of careless / negligent use.
Being Job's comforter, If you need extras, (missing changewheels, steadies, chucks, spares ) they might be hard to find. But folk on here would point you in the right direction, and advise if any fine tuning / repairs are needed.
Mist porobably with Imperial leadscrews and dials.
The Chester Craftsman is a new machine, presumably?
It is a genericTtaiwanese design (In uk also seen as a WARCO BH600, or more rarely as an EngineersToolRoom BL12-24., and elswhere under a number of aliases. ) Weights 300 Kg.
Most likely to have Metric leadscrews and dials (Might be dual dialled like my ETR BL12-24. )
After 20 years, still happy with mine!
Like all oriental machines, even new, may well benefit from careful checking and setting up
(I have seen a new small Chinese lathe, out of the box with the tailstock 0.022" ( 0.5 + mm ) out of line, but fairly easily rectifiable)
As a new machine, it will probably come well equipped, and certainly with a warranty, (Useful if there are any problems ) Being a current machine, spares and accessories should be available.
(Despite being basically a Metric machine, the Spindle thread is 2.125" x 8 tpi Whit form. The chucks are retained by "dogs" for safe reverse running. )
You make your choice and pays your money , ultimately
HTH
Howard Smoley's GRRR!
Edited By Howard Lewis on 13/06/2023 12:23:31