I bought the PM 1/8 to 5/8 ultra precision drill chuck for $129 last week and so far so good. But, I haven't used it much yet. First impressions are positive. The PM master kits give a good bang for the buck. I ordered the lathe with the tool holder set up pre-installed, works for me, I'm an insert tool newbie. No complaints on the Precision Matthews tooling. My lathe came with a live center, haven't tried it yet.
I got most of my measuring tools and drill bits off eBay. I picked up American made short machinist drill bits of good quality via auction, just gotta watch for the good deals. I was disappointed in the Shars 8" level I bought recently new, its was defective and would not calibrate. So I had to send it back. Its my first purchase from Shars, I'll see how they handle the return. I have some larger levels of good quality anyway. Most of my tools are Sterrett or Brown & Sharpe, all vintage. So far I like the older stuff best.
Just think about the projects you want to tackle and buy what you need as you go along. I'm mostly turning and facing drill rods right now, but I'll be needing more tooling soon. The drill chuck is my latest addition.