I am lucky in that I have a Myford S7B and a Harrison L5A along with a couple of small Pultra watch and clock makers lathes.
I inherited the Super 7 when my dad died, he bought it new in 1987 and it still looks like it left the factory yesterday.
Previously I used a well equipped ML7 for many years, and the difference is like chalk and cheese, the Super is a much nicer machine to use and has much better bearings etc.
These days the Myford is the “main” lathe, and the Harrison only gets used for the occasional bigger jobs.
It all really depends on the size and type of work you intend to do, some people will advise you to get a bigger lathe on the premise that it will cover all the sizes of work you do big or small.
But you will find the the bigger lathe does not have the same “feel” for doing small delicate work.
The Chinese import lathes might give you more lathe for your money in terms of size and specification, but from reading and talking to people about them, there “may” be some build quality issues.
A lot of these can be resolved I suppose if you want to rebuild and blueprint your new lathe once it arrives. However I have only heard good things about the Austrian imports.
So it all boils down to deciding what you are going to use it for, which will dictate the size you need, then buy the best quality your budget will allow.
Personally I would always look for something second hand that has been well looked after and comes with a good pedigree.
Just as an example, a friend of mine recently bought a Swiss Mikron lathe and a van load of accessories and tooling for £150, it doesn’t happen every day but you never know.
Phil