Hello Gordon.
The SPG lathe you are considering is one of the now common 10 inch swing by 22 between centres machines offered by just about all of the well known suppliers.
Despite its much lower price it does in fact have a slightly higher spec than the others. As well as having powered cross and longitudinal feeds, as do most of the others, it also has an improved quick change gearbox wth nine selectable feed rates as opposed to just three, so that means less time spent swapping over change wheels. One other advantage is that it has a quick release type headstock spindle flange, but the spindle bore is a little smaller at 21mm while on other versions it is 26mm.
The SPG machine also uses a traditional type of tumbler reverse mechanism for the leadscrew, similar to that used on Boxford and Myford lathes. SPG have been selling this machine for quite a few years, but more recently Chester Machine Tools have introduced it with a choice of an enclosed or open type quick change gearbox. I think Chester call it the DB10V Super.
If I remember correctly, the much lower priced SPG version does not include fixed and traveling steadies, or an independent four jaw chuck and possibly a face plate. But even paying for these separately still leaves a usefull saving.
For the past few years I have been thinking of downsizing a bit, and it is this lathe that I have been considering on and off. SPG did briefly offer a long bed version of it with 30 inches between centres, but I didn't fancy that one.
If you decide to go ahead and get one it would be interesting to hear how you get on with it. Generally, all the 10 x 22 imported lathes are pretty good model engineering machines.
Edited By Lathejack on 05/02/2015 21:44:29