I have been using a Sieg SX2P for three years now, as far as accuracy is concerned I have had no problems, the motor also has enough power for all the cutters I have used, so I have no complaints there. The main difference to many other machines is that the SX2P does not have a quill feed, this means that the whole head of the machine has to be raised or lowered for any plunge type operation.
The torsion spring used to balance the head is a little too weak at the top of the column and quite stiff at the bottom. This is the main cause of what has been referred to as "head droop". Under certain conditions the head is not controlled by the torsion spring very well, particularly at the top of the column, and can perform an uncontrolled drop for quite a distance. If the fine feed knob is engaged this is less of a problem, as the drop is limited to the backlash in the rack and pinion, the stick and slip that uses experience. I have taken to setting the height limit block so that the tool will not hit the work if this occurs.
Many users have fitted a gas strut instead of the torsion spring to overcome this problem, but it is still not always perfect. I don't have a gas strut fitted, but I use my left hand to push against the torsion spring lever to give some resistance to any tendency for the head to drop, usually when the lever has reach the horizontal position it will be OK. Not very elegant, but it works for me.
My choice of the SX2P was dictated by the space that I had available for the machine, particularly the height of the column and the length of travel required for the X axis of the table. I also wanted an R8 spindle. The SX2P has been large enough for the models that I make, I don't make locomotives.
If I were to be buying again and had the room I would go for the Sieg SX2.7 Hi-Torque version. It has far more features than the SX2P and as already pointed out, you will always find the extra space on the table useful.
I hope this helps with your choice, the SX2P is not a bad machine, I quite like it, it has it's quirks, but it could be better.
Neil