Few things with Myford
+ If you can chuck it you can turn it. Often better slow speed range and more space around.
+ Good travel on tail stock. Nice for drilling. Many chinese advertise 50 mm or so, but then the arbor drops, 35 mm is more realistic.
+ Well kept one is very nice to work with, no wobble, handwheels work, generally stuff should feel right.
+ better finish
+ aftermarket parts of varying quality are available
- price and sometimes valued way too high for what it is: a light weight lathe
- most often spindle bore and tail stock bore is way too small. There are some "big bore" models, but standard MT2 taper on spindle is a deal breaker for me.
- metric models with decent spindle bore tend to be bit expensive
- if it does not come with the gearbox and all gears you need, hunting them outside of GB is not that fun.
Those are my very personal points, many will find small spindle bore or my major moans of little consequence.