Congratulations with the little bandsaw. I have a similar 4x6 (now a 4x8), and I use it just about every day. I spent a little time initially setting it up, but it just doesn't stay dialed in exactly. That being said it still is a great useful tool in my shop. I replaced the screw that held the cover closed with a threaded T-handle. Its much easier to open and close the blade cover now. The plastic blade tension knob cracked and came off the blade tension screw so I machined a big knurled aluminum knob to replace it that is a light press fit with a set screw for extra security. I find it to be much faster and easier to use than the little plastic knob was. I have used 3 different pitches of Starrett blades, Harbor Freight blades, and the SuperCut blades from Harbor freight. I found the SuperCut blades to be the best value for general cutting. I don't recall the pitch off hand, but HF only offers them in one pitch in the local store anyway.
The little stand of sheet metal legs is cute. I used them initially, but found the low height and need of a stand to be inconvenient for me. I suppose for occasional use they would be fine. It is nice that you can grab the handle and tow it around like a wagon. I took the legs off and threw them in my scrap metal pile after a couple weeks. I mounted some steel extension bars on the end of a roller table and mounted the saw on that. Now I set bar stock on the roller table, and feed it into the saw to be cut off. I don't worry to much about squaring up the saw anymore. I just leave a little extra to be machined off. It saves me a lot of time that way. If I wanted precision square cutting (which I really do) I'd go with a high end slow speed cold cut saw, and mount a micrometer stop on the outfeed. The problem with most slow cut cold saws that I could afford is they won't quite handle the stock sizes I need to cut. Lots of guys brag they have their bandsaws dialed in perfectly, but after spending a couple days playing with it I decided that it wasn't worth the effort to get "pretty close." I square stock up on the mill or on the lathe and I "know" its good.
The big huge fantastic advantage of the bandsaw to me is the ability to break down stock while I am doing other things in the shop. It really is incredible at that. Once you get used to having a horizontal auto shutoff bandsaw. Even a mediocre one like an HF 4x6 you will wonder how you ever got by without one. Speaking of auto shutoff. I wouldn't leave it cutting and go to lunch. You have to keep the chips cleaned off the saw or they can build up and prevent the saw from dropping that last little bit to shut off. Also, if there is any slop in the pivot (doesn't take much) you may want to play with the switch pusher tab to make sure it will turn the saw off every time at all extremes of movement. Even if it seems fine a piece of metal can wedge up with the blade slightly and push the saw over a little more than its normal slop. It can also wedge the blade to a stop with the motor whining. Make sure you approach the saw when its done cutting with care. If its whining or the belt is slipping reach down and push the off switch down with your thumbnail or a screw driver before trying to mess with the stock or the saw. That's probably a good practice anyway. Its possible for the saw to be off, but the switch to not be pushed far enough down to snap over. When you lift the saw it starts back up again.
Its a great tool and you will get thousands of cuts out of it.