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I agree with Dave. And moving the banjo on the Sears IS a pain unless you spend $25-30 for good replacement handles. Been there.
If the Rockler was normal price then it may be a tougher decision because that Sears with the Baldor motor is a fairly nice lathe.

I do not know anything about their lathe but Rockler itself is a good company.
A pet peeve of mine is companies that inflate HP. Here it is listed as 360W. 1 HP is 746W so .48+ HP is :thumbsup:; they are not cheating.
http://go.rockler.com/tech/26042013103043-Excelsior_MC-1018.pdf
 
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