I own and use this particular lathe. There are 'things' with this that I'm not satisfied about, but for the money I paid I honestly can't complain about these thing.
Like other have already mentioned - please don't expect to load up a really heavy piece and have it perform well. What other have said are true - the speed stalls out with larger pieces, etc.....
A few things to be aware of that I've found out through experience-
1) The rotating headstock is a cool selling feature (on ANY lathe), but to date I've never used it. Having the tailstock as support is vital. This crazy 'outboard' tool rest slide just takes up space, as I'll probably never use it. This might be OK for thinner plates, but certainly not deep bowls.
2) When using the tailstock, don't crank down on it too hard, as it will cause the headstock to actually lift slighty out of place, no matter how tight I have the headstock in place (I've posted here before on this).
3) This one really gets me - The motor housing is located in the stupidest place one could think of. I can't practically use my homemade Cole jaws, because there isn't enough clearance (only about
8"). So while it says 12" swing, that is AFTER you clear the motor housing. If you're using the faceplace that comes with it, then it's never a problem. I haven't had any problems with shorter faceplates or a chuck under normal use.
4) The 'high' low speed of 600 RPM is a concern really only if you're turning big, uneven pieces. Bandsawing or otherwise cutting the corners beforehand is a good idea for any size piece. I've never to date turned with the higher speeds - just thinking if the piece was to ever fall apart at those crazy speeds is cause enough for me not to use them.
5) Where I live, very few trees grow over 12" round, so having a large swing isn't a concern for me. I haven't gotten into segmenting pieces larger than that yet. Again, having the rotating headstock is (really) a dumb feature. While you could work with the headstock at 180 deg, it's not a good idea without the tailstock support.
6) The spindle is a standard 1" x 8 tpi, which you can use just about any accessories.
If these concerns aren't going to hinder your plans too much, then the price of this lathe is a good deal. Wait until it goes on sale for $200, which is often. If you honestly want to turn bowls larger than
12", then look elsewhere.