rik arry: I've just bought an ML10 having previously owned a Clarke CL30 mini-lathe. I was considering a metric Amadeal or Warco variable speed lathe when I was tempted by the dark side of British engineering, maybe my findings will help you decide:
The ML10 is much more solid and accurate despite having 40+ years of use.
My ML10 is imperial which I thought would be a pain after using metric but it's no big deal as you work in decimals anyway – I keep a calculator beside it so something like 7/32 comes out as a sensible number!
I thought manually moving the belt would be a grind but once you get the knack it takes seconds and probably gives you a better understanding of what you should be doing speed wise regarding the material/diameter (unless you have a digital display showing speed which my mini-lathe didn't). The top speed might be a bit slow if you're turning tiddly little parts.
Yes you have to keep the relevant bits oiled but it takes a few seconds before you begin (and every 4 hours afterwards)
A screw-on chuck seemed great compared to the slow and fiddly nuts on the mini-lathe… until the chuck gets stuck! Turns out there's a simple way to unstick it, so changing chucks is still miles quicker than on the mini-lathe.
The ML10 is much less cramped IMHO and you won't have to, ahem, removed any guards to make it work.
Not sure if the Chester has a camlock on the tailstock but it's a godsend after the annoying nut on the mini-lathe.
If you do any screw-cutting you'll be using metal gears not plastic ones.Probably better.
My ML10 has no scale on the tailstock which is annoying when you need to drill/ream or whatever to a known depth.
On the Speed 10 I think you need to do some dismantling if your belt goes kerthwack, unless you use a link belt.
Parts might be harder to find for the Speed 10 if it has been misused or overworked and needs them.
Hope that helps, I know I won't be going back to a variable speed Far East lathe any time soon.
Paul
EDIT:
PS My machine was £640 and included a lot of tooling. There are some over-inflated prices on eBay… caveat emptor.
Edited By PaulR on 28/11/2016 22:00:44