Actually, it's a pretty good lathe. Two flat rails and a totally variable speed control. Worked great as a beginner lathe, and I got it as an end of model year "out of box" special. Lasted about six years when the capacitor fried and filled the shop with smoke. However, it wasn't that big an issue to fix and it's been running just fine since.
Since Sears makes NOTHING, it's hard to say if their products are good or bad. Whomever made that lathe did a decent job with it. It's an entry level lathe. With that in mind, I'm very satisfied with it. I also own a higher level Jet that's REALLY a nice unit. Except for it's indexing system, that Jet is just wonderful. The index is trash. I spoke with lots of folks at the conference about it, including some Jet Employees that were terribly apologetic and embarrassed. Okay, enough trashing Jet. It's still a great lathe that I hope will be with me for a lot of years.
Thanks for your interest, by the way. I tend to look to people like you for guidance, and you guys rarely let me down. I don't have to agree with you, but I will ALWAYS listen to you. OKAY?