Joshua,
I have owned and used a variety of lathes over the years, and bought an ML10 recently when I had to downsize, It was the best option available locally at the time and ideal for my newly restricted space. I like it, and will be keeping it even if I have room for a second, larger lathe in future.
Like any machine it has its quirks and you have to get used to them, but it is an excellent compact lathe which will do most of what an ML7 will do. It is far better designed and built than the Chinese equivalents. ML10s have usually been owned by modelmakers or clockmakers, have only had light use, and been well looked after. This makes them a much safer buy for a novice than a 7 series, many of which have had an absolute pasting.
Usefully, they are easily dismantled into their main components for transport and can be reassembled again without loss of accuracy.
Two disadvantages – one is that some parts are relatively scarce and expensive. The other is that for some reason, there is always someone ready to pick holes in them.