When I bought my current lathe it had one of these control boxes. It worked when I picked it up but was unreliable as soon as I got the machine home.
I’d already put a VFD and 3phase motor on my Seneca Falls, and have some experience with electronic/electrical troubleshooting so I knew what path I wanted to take.
Sure, it was an extra $300 I would have rather not spent. But, not having to wrestle with 30 year old control systems, and getting variable speed at the turn of a knob is worth it for me.
John