The Downham looks to be an excellent small machine BUT it would pay to remember that it uses collets and it would be best to find one with them, both metric and imperial. It might take a while to find one let alone the collets. It's the sort of machine that might crop up on the lathes co uk for sale section.
I have a Dore Westbury. A few other people on here have them. They are compact and can machine a fairly large area for their size. They have a 2 morse spindle which is a limitation but it's in a Myford lathe type spindle nose so things can also be attached via that. 2 Morse collets can be used and I also use an 2 Morse ER16 collet holder. Other sizes of ER collet holder are available. The only unhappy owner I have come across is the one I bought mine off. Usual things, inadequate vice and slides way too loose. They were built from kits and crop up now and again. There are details on Lathes co uk.
You can visit and buy used machines off dealers but prices are generally rather high compared with private sales and usually any extras will have been split of from the machine and will be sold separately. If people are prepared to take their time machines crop up that are sold with all sorts of things. Often sadly because some one has died or had to give up for one reason or another. My general advice on buying any machine is to wait until something crops up with plenty of kit.
Over budget but this far eastern milling machine deserves far more attention than it gets
**LINK**
Similar machines will be available from other sources.
People are inclined to say I want to change speed with a knob but there is no getting round the extra power available when speed is changed mechanically. This style of machine has been made in various sizes for as long as I can remember. You'll notice it weighs in at 300Kg which gives some idea of the rigidity it has. In real terms they are pretty serious machines for people who need that. It's what I would have if I had a little more space. Dore Westbury machines are also rather heavy for their size. Decent machines generally are.
Emco and Wabeco millers turn up used at times. Probably the best of the lighter weight machines. These do crop up used at times.
Don't rush what ever you buy especially if it's a used machine.
John
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Edited By John W1 on 27/12/2015 11:23:37