Welcome Daniel
Another couple of pointers for you to be aware of when you get your toy;
Keep the packing case for a day or two in case there is any reason to return machine,
Check that the gear end guard case tab ( bottom at rear ) is pressing the micro switch in correctly otherwise you'll be wondering why the machine won't start, it took me a while to figure that one out! it seems that this is a common problem ( bent in transit, easily missed
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Check that the Emergency stop button securing / retaining clamp is fitted & tightened up as this seems another assembly fault & the Em. stop will just flop about, mine did & when I checked inside the casing I found the retainer clamp in the bottom of the casing.. soon rectified!. make sure it has been unplugged & any capacitor has discharged before diving into the wiring box …DAMHIK ! 
Make sure the saddle runs all the way from headstock to tailstock freely as the first machine I received the saddle gear was binding hard against the frame casting giving a couple of quite tight spots making it difficult to move the saddle along. I sent my machine back because of this… lack of QA & assembly Inspection at factory / casting fault , Warco soon remedied that thankfully,
MIKE.. with ref to saddle lock; I took the bull by the horns & decided to modify the lock to cure the common problem.. I dropped the leadscrew block at the tailstock end after sliding the saddle to the tailstock, removed the 4 SHCS from the saddle top to gearbox & dropped the gearbox enough to move the saddle top along to give me room to take out the saddle lock, it's basically a block of cast iron to no defined measurements per se. nor is there any cam device, Just a SHCS into a tapped hole.. unless they have changed the design.. the clamping action, to work effectively needs to have the top of the casting filed / machined to allow the inner side of the block to pull up onto the front shear underside rather than the other way round where it clamped up to the underside of the saddle first… a matter of a minute amount really. I checked the gap prior to removal & iirc found at least a gap of .015" so in effect the saddle lock wasn't pulling up to grip the underside of the front shear.
Having removed the block, taking care not to drop it into the saddle gearbox, I filed approx .030" off the top of the block on the saddle side & refitted the block.. now according to mods … **LINK** .. his lathe differs in the configuration of the saddle lock & he cut his block in two whereas my machine.. 250V-F has a different block design & SHCS spacing so I could leave my lock in one piece. Once refitted & reassembled my saddle lock now works really well, I still have to use an Allen key due the different design & screw spacing of the block but it doesn't take much to lock it up solid… on the down side I didn't take any pics, probably 'cos I wanted it back up & running to test it, neither did I take the opportunity to do a complete stripdown to flush the saddle gearbox out nor resolve the oil leak that has been there since day one…silly me! or more colloquially… stupid t***t, that's what come's of not planning properly, an on the spur of the mo' decision… never mind a redo in the summer is on the toduit list. I've also done the gear silencer mod… it does quieten things down
The only remaining downside I have is the amount of clearance behind the chuck for removal & refitting of said chuck; if you have short fat fingers…Like ME! it's a PITA to change the chuck so I fitted flanged nuts which help a lot instead of fu******* 'fiddling' about with washers… If Warco are listening.. or reading.. get a D1-4 camlock system fitted to this size of lathe, sooooo much a better system… even if they stick another £100 on the price well worth it I'm sure, or give another 10 mm clearance behind the chuck back plate.
All in all a decent machine that I'm pleased with for 'working straight out of the box', other opinions may differ but hey ho horses for courses!… one last /couple of points, get yourself a QCTP system, Dickson type or Aloris / Axa… saves faffing about with packing shims, also get or make a Tangential tool, ( ad on the left side of this forum …usual disclaimer ) if you have the moolah/shekels/lolly, you will find that this will be the tool that you do most of your cutting with, & only one face to grind up! there are pics in my albums of some of the mods done if you / anyone one wants to nose. If I can be of further help please ask / drop me a pm.
Regards
George.
Edited By mechman48 on 28/02/2015 01:01:57