Smaller spindle bore and less powerful motor than WM250V, plus it's from a time when the reputation of Chinese machines was maybe less secure than it is now. Looks like a limited range of fixed speeds on pulley changes, and also more limited feed ranges.
WM250V didn't seem expensive to me compared with new or 'good' reconditioned Myfords, and I've not regretted buying it.
That's what I think, but you pays your money and you takes your choice.
Edited By Mick B1 on 23/02/2018 19:39:57