I used to be nervous about lifting a small machine,but having lifted several much heavier ones in my career,I'm more sure of myself!
But,never get TOO sure of yourself.
There are those who lift by the spindle. I think it might depend upon the lathe. My Hardinge HLVH has a very small spindle,super high precision bearings,and weighs a LOT. I definitely would not even think about lifting it,or a Monarch 10EE(even HEAVIER!!!) by the spindle.
Ordinary lathes? I prefer to be conservative and lift by the bed as I described,but I won't say they can't be lifted by the spindle. The headstocks are bolted onto the beds,don't forget. And,a broken casting (like where a thin looking headstock foot is) would be a disaster. I'd rather play it safe myself.
Especially when thinking about the integrity of Chinese cast iron.
I heard about a father and son making Bridgeport body castings in Taiwan,in a shop no bigger than a single car garage. That,I'd like some video of!! Got to admire them!! But,quality control? Who knows! They must have been digging a pit to bury the patterns in,and pouring from a furnace,like they used to make cannon 200 years ago. They HAD to be melting about double the required amount of iron to allow for feeding liquid iron into the shrinking casting as it cooled. It takes a lot to keep feeding a casting.