This lathe seems to do everything I have needed so far. I do not have much experience yet, and no experience with a more expensive lathe. The tail stock is true once locked down, but you have to pay attention when you lock it down and make sure it is straight and square. If it is not locked down, it is loose and difficult to drill, but I do not know if this is usual with a wood lathe. It takes the nova chuck (with an adaptor) and grizzly chuck. The variable speed is very nice, and I appreciate I can change speeds quickly for different tasks. This was a big deal for me as I will turn and sand. The tool rest is not very smooth and I upgraded it. It is quiet and very secure. I use it on my 36" work bench, and it is a very solid machine. At this point, it is certainly a great lathe for me starting out. It is capable of everything I am asking for if I have the right chuck.