If I can weigh in on this, I have owned a lathe of some description since I was 10 years old, (I am now 73). During that time I have owned American, German, Chinese and UK manufactured machines. I had an old 5 inch (10 inches for our American friends) Atlas which was well worn, but that withstanding I used it to build various small steam engines. To follow that I had 2 IXL lathes one of German origin and the other a British version, both were a bit noisy but still performed reasonably well. For the last 25 years, I have owned a Myford Super 7 which I paid £100 for and when I had had the bed reground it was like new and has served me well. I also have a round bed Drummond which is treadle driven, a Chinese mini lathe and a Super Adept. In addition to these, I have had a Coronet Minor and Myford ML8 wood lathes, the ML8 is now with my Daughter.
The Super Adept has travelled around the world with me and has satisfied my need to "cut metal" in some remote parts of the world.
All these machines have their strengths and weaknesses but for now, the Myford Super 7 serves my needs best although the Chinese lathe (now I have replaced the bearings) comes in a close second.
You pays your money and takes your chances, but probably the Myford would be my choice again.
Happy turning
B