I'm back!
I've had the lathe nearly a year now and have a lot more time on the 8K, so I thought I'd just add to Mikbul's thread.
Overall, I'd say I'm very happy with the 8K. I've learned how to get a decent bite on various metals. You need to have everything tight to make a good cut. I also got a hold of a pafana rh index tool. It's pretty nice. I've got the AR warner tools and they are good, but this pafana is just beefier and cuts nicely without chatter.
I've found the TCMT 21.52's are nice for aluminum. The 21.51 for brass and steel. The 21.50 is ok for threading, but I'm going to give AR warner's combination threading tool a try. I was getting some tearing of threads with this arrangement.
Parting is no problem and finishes are pretty good.
I do have continued issues with the cross slide. The most recent is that the t slot bent upward. The cause looks like the terrible milling of the clamp ring. The relief milled into the corner of the clamp ring is nearly .125 on one side and .06 on the other. The result is that the top of the t-slot is not meeting the metal of the clamp, so the entire holding force of the compound is exerted on the hanging top of the t-slot. Well it was anyway. It's now damaged. I've contacted Griz for a warranty replacement. We'll see how that goes. I'll post a couple of pics for reference.
Other issues are that the gear changing for threads is just a pain in the neck. The brass bushings for each of the gear axles are particular to their respective axles. Don't switch them up as they bind. Additionally, the gears are not all properly reamed to fit the bushing. You must take care to assemble the gears in the proper orientation or the belt will slip. I chewed through one belt is short order. doh. When you go to put the belts on, you must tighten from bottom up. There are several axles that must be tightened in order or you won't be able to get everything adjusted properly.
Spindle bearings do not seem to be an issue. I hit them with oil before every session.
I made a new lock nut for the tailstock out of brass. It works much better than the terrible cast one.
Paint seems to be holding up ok. There are chips and bondo exposed here and there. Nothing too unexpected. The powder coat on the housing is holding up well.
No other issues that I can think of.
I keep asking myself if I'd buy it again. And I guess I would. I like old iron as much as anyone. I got my 626 mill for 100.00, tore it down, and brought it back. It was fun, but I wasn't ready to do that with a lathe. There are a lot of things I really like about this lathe - 1.5 HP DC motor; auto shut down if you crash the chuck; 1" bore spindle; hardened ways; and variable speed. Since I am new to a lathe, it's a good size to start with - enough power to progress, but not so much that mistakes break equipment and body parts. (not to suggest you can't get physically hurt). Old iron around here (west coast) is not easy to find and is expensive. I constantly wish I had access to east coast machinery. In addition, for the size, it's remarkably stable.
I'm thinking in another year or so I'll consider moving up. But for learning and progressing, this lathe has been pretty well.