Hi Richard,
I started out with my Great Grandfather's 1914 B Type Drummond and, while rebuilding it, ended up with 8 working lathes, all Drummonds bar a M****d S7. I have a 1948 Drummond M Type on loan to the engineers at work (an animal feed mill) and they are over the moon with it. Accuracy is no problem as I have kept the best lathes that I bought for spares.
It all depends on what you want, how much you want to pay, and how long you want it to last you.
Personally, I like the pulley system because I have to remember just 6 or 12 speeds, not everything from nothing to infinity and beyond. I also like screwcutting with changewheels because it is fixed once set up and not liable to vary because I knock some dial and don't notice.
The other thing; the 1914 B and a 1927 M type longbed are both treadle driven so I can keep playing when armageddon strikes and the electric goes off,..
Up to you
Andy