Hi Mark,
This is a long post…sorry. 
The original headstock casting design from the East German-Russian days was made to accept Taper Roller bearings (TRBs). As U.S. demand for cheaper source of production grew, the sourcing moved to Taiwan where bearings were changed from TRBs to ball-race, and as the Taiwan production costs increased, the machine moved to Mainland China production, when the Chairman of SIEG brought it back with him from Germany where he was stationed for a while; initially for demand from a German company, followed by Harbor Freight in the U.S., and so on.
Ball raced bearings (BB), Angular Contact Bearings (ACB), Taper Roller Bearings (TRB) :
The balls in the BB have a small area of contact between the ball and the raceway/groves – Generally not designed for pre-load – but still done.
ACBs have a greater area of contact between the balls and the raceway surface.
TRBs have the greatest area of contact between the ROLLERS (not needles) and the raceway.
So, when you put on pre-load by tightening the nut/nuts (depending on who you buy the mini-lathe from), your motor/assembly needs to work harder to drive the spindle. For brushed motor machines, there are pots (can't remember the technical word) on the control board used to control torque/speed. This would have been factory set, based on the bearings used in the assembly, along with the gear/belt arrangement. So, where BBs are used, the pots are set accordingly. General advice is leave the posts on the board alone, unless you really know what you are doing. There really is no need to worry about the reduction in maximum speed.
Based on the two above factors, the RPM will drop if and when you change the bearings from BB to ACB to TRB.
The assembly is designed for hobby, rather than industrial – continuos use. Under certain scenarios, the motor could over heat, especially brushed motors where the brushes could wear faster, the drive belt could wear faster/break, if there is a hi/low gear arrangement, the gears could break under heavy load, the circuit board could also blow – based on load. So, when you change from BB to ACB to TRB, the load will increase. As long as you are aware of the factors which can effect the machine by making any changes, you can use the machine within its limitations, before something goes wrong.
You may wish to read these threads to get further ideas:
Pre-load of new bearings
SC3 Headstock bearings
In the SIEG mini-lathe range, there are brushed motors and brushless motor versions. How things work electronically with brushed motor versions is explained above.
For the SC brushless versions, there is no hi/lo to control torque. These machines are purely belt drive, and the torque is controlled via programing of a chip on the control board.
The WARCO version of the brushless motor is smaller (lower power rated), combined with a belt and hi/lo gear arrangement. Their version is discussed of the following thread:
WARCO Super mini-lathe Brushless motor version
As far as mechanical components and assembly are concerned, regardless of factories used by ARC, Chester, Amadeal, WARCO are concerned, they are broadly similar (from about four different factories). Generally, 80mm chucks are fitted as standard on mini-lathes – based on an engineers view point. There are versions available with 100mm chucks factory fitted. Initially around 19 years ago we liked that idea, but after discussion with the SIEG factory technical engineer who explained the limitations/extra load mechanically over distance of spindle, combined with load on motor/board, size on machine, I had a better understanding, learned and decided to keep with the 80mm arrangement. ARC can get 100mm chuck based spindle assemblies, along with other features, but we are happy with the situation as it stands. We do offer the backplate with 100mm chuck as optional accessories, but generally I would suggest that they are used on limited occassions.
In support of Hugh (Harry) – Amadeal, some of the bad press you read – especially ebay linked, is because on ebay, many buyers confuse the mini-lathe he sells with mini-lathes sold by 'Hu Flung Dung' sellers, because of the common name CJ-18. These buyers purchased from HFD sellers because it was cheaper than Amadeal.
So when the HFD control boards on their brushed motor mini-lathes fail, they will buy a new board from Amadeal, thinking that the board will be the same – which it might not be, or, they have failed to check the brushed motor before buying a new board. If the motor has blown, it will take out the new board!.
Amadeal sell a lot of mini-lathes directly and via ebay, and you will find happy/un-happy customers using their mini-lathe, just as much as you will find for WARCO, Chester and ARC.
What is classed as 'heavy-cut' on a mini-lathe is down to several factors: User, material being turned, feed, speed, DOC, use of coolant, tooling – HSS/carbide.
Continued…