Many of the chinese lathes are getting very close to an ideal machine, build quality aside!
DRO’s are nice but not a necessity, I have been aking accurate parts for years without one on my lathes. Accurate dials and a reasonable brain work just as well.
Camlock mounting is essential, the screw on chucks of Myford et al are dated and potentially dangerous.
Geared head with a 2 stage belt drive to extend the range gives the majority of speeds required by most model engineering disciplines, maybe a belt change system akin to the tri-leva system would be a distinct advantage.
A quick release clutch and a single point dog clutch on the feed screw are essential.
Geared head lathes are not necessarily noisy, or inconducive to a domestic environment.
My Warco GH lathe is very quiet, ( in fact I often work late at night and none of my neighbours have heard any unduly disturbing noises) well, not form the lathe anyway LOL.
To compete with far eastern manufacturing will be very difficult in the current economic climate.
For a quarter of the cost of a top end Myford, I bought a large capacity machine which met most of my requirements. Whatever is missing can be easily manufactured for very little financial outlay and will still surpass the capabilities of a Myford.
Don’t get me wrong, I grew up with Myfords and have recently acquired an ML7 with a Tri-Leva selector. This will be a refurb project although mostly cosmetic, as there is no detectable wear on any of the critical components.
As the drawings and rights to design for the Myford lathe have now been bought out, I would suspect we will see far eastern clones appearing in the near future at a lower price, albeit with possibly a lesser attention to detail and quality.
We can all dream of the ultimate machine but that will attract the ultimate price.
I dream of a DSG or a Monarch 10ee but I doubt if I will ever own one, so I will continue to buy what I can afford and modify to suit.
regards
CB