In regard to the lathe, I have a similar one to the MicroLux 14.
Nearly all of the Asian made lathes are very much the same whether it
has the MicroLux name, Harbor Freight, Grizzly, Jet or whatever, the
parts are interchangeable. They do not have the features the large
American lathes have, but for the price, I have found that they are a
good value for the tool. Alignment is paramount upon receipt, if for
no other reason than peace of mind.
The lathe I purchased came with many of the items sold on page 19
(assuming you are looking at the same catalog) as accessories.
Specifically, the steady rest, the follower rest and the face plate
came with mine.
Accuracy, I found to be largely a matter of cleaning. Oil, grit and
small pieces of work can and will lodge in the jaws and throw you off
as well as the rails for the carriage and the tail stock. Keep the
dove tails snug, to loose and your bits will move, to tight and you
have a hard time moving the slides and cause excessive wear. With
that said, I can hold to within 0.0005 inches on most projects, a lot
of this is principally found in the setup, how fast you feed, how
deep you cut and when you begin your finishing steps.
There are many user groups for these small lathes and it was very
worthwhile on my part to search them out as many speak to the
limitations and upgrades for these class of lathes, most of which can
be done inexpensively.
One thing I have learned is that you will spend more on tooling and
tools than you do on the lathe. Measuring tools for even the
alignment functions are expensive and should be considered in the
overall budget of the machine.
Search out a machine that comes with as many accessories as
possible. Stick with standard tapers and sizes. MT 3 and MT 2 are
standards, and should allow availability of tooling from many