I had one of those. The specification level is pretty good for a cheap lathe. Three jaw chuck, four jaw, face plate, a couple of steadies and back gears are worth having. They do them with either a metric or imperial leadscrew. The metric will do most imperial threads but sadly not 26tpi ( Cycle thread).
The only reason that I got rid of mine is that the variable speed is horrible. Start taking a heavy cut and it slows down. Turn the speed dial up while you are taking the cut and it goes whizzing off at high speed when you finish the cut. If you try turning something three inch diameter and turn the speed down to get the right cutting speed you find that you have lost all of your power and it almost stops when you try to cut.
If you are happy making small items and not in a rush then they are fine. Fitting your own DRO kit is easy and a great thing to do.
For something a bit more industrial you should get a geared lathe. I have one of the slightly larger gearhead Warcos now and am really happy with it. Chester machine tools are pretty much the same as Warco.
If you fancy an adventure then you need to go to the London Model Engineers show in January.
https://www.londonmodelengineering.co.uk/ and have a look at all of the toys there.