Discussions about Chinese machinery versus secondhand “British” have been done to death on this forum, and no doubt elsewhere too.
The biggest elephant in the room (there are several here) Mark has ignored in his enthusiastic resurrection of this thread is the completely unequal availability of the two competing classes of machine.
New Chinese machines effectively grow on trees. Someone in the market for one can compare the specs of all those currently on the market, narrow things down to the one he wants, and then click, pay and have it delivered, knowing it will come new and with a warranty, which will protect the buyer in the event of problems revealing themselves in the first few months of ownership.
The situation when buying a secondhand British lathe is utterly different. You can narrow down your choice all you please, but unless the machine you’re after actually comes up for sale, and is an example in good enough condition to be worth buying, and is priced affordably, and you are fortunate enough to be able to travel to see it, then collect it or arrange delivery of it, it will remain just a pipe dream indefinitely.
The most salient passage in Mark’s posts is “You can get great deals on used [presumably he means British] lathes”.
Indeed you can, but if and only if you are either very patient, or lucky, or have oodles of time to go looking at used examples, and, perhaps most crucially, you have the know-how to appraise the condition of a used lathe in all important respects during the relatively brief window you will have to look it over in whatever surroundings it happens to be currently housed in when you go to see it.
Mark has landed on a good used British lathe, but has made the mistake of working backwards from that outcome to a suggestion that buying a used British lathe is a no-brainer inasmuch as you will automatically get a better lathe than a new Chinese alternative and buying one is never going to be any less straightforward.
Sadly, Mark is wrong on both these counts, as innumerable real-life experiences by other buyers less fortunate than he has been bear witness.