The Craftsman 109 I got from you, I would say is inferior to a 7" mini lathe in most every way possible except style. The 109s are great looking lathes.
I think they are nice little lathes if looked at more as a crafting tool, than a machine tool. I think somebody could be very happy with one for making pens, chess pieces, hair pins etc. I think they would lose their mind trying to make something more complex like a model steam engine.
I really cannot fathom the higher prices I've seen some sell for. They often sell for prices similar to the small Atlas lathes, but are a more cheeply made and far less capable lathe than the Atlas / Craftsman 6x18s (or the import mini-lathes). In the 1950s Sears sold the Craftsman 109s for about $40, but the Atlas made Craftsman 101.07301 sold for $160.
Now comparing the Atlas 618 (also sold as a Craftsman 101.07301 or 101.21400) to a 7" mini-lathe. These compare fairly well. I'd rate an Atlas 618 over all as better (assuming age hasn't taken too heavy a toll), but there are going to be a lot of individual opinions to sway that.
The mini-lathes have some distinct advantages like variable speed, and a larger 3/4" spindle bore vs only 9/16" on the Atlas. Also a slightly larger swing, but that is offset by the shorter distance between centers.
The mini-lathes have a flange to bolt on the chuck vs a threaded spindle on the Atlas. Some prefer the flange system because it is more secure for turning in reverse, but it is slow to change chucks. Personally I prefer the threaded spindle because it is easier to change a chuck.
It will cost you, but you can get most any "big boy" lathe accessory for an Atlas 618, taper attachment, collet closer, tail stock turrets etc. They are small lathes, but they were made for light industrial work, not just garage tinkering. Tooling beyond the basics is fairly limited for most of the import lathes under 12" swing.
One big advantage to the mini-lathes is portability. They are a stand alone unit and about 1/2 the depth of an Atlas 618 which has to be bolted to a board or benchtop. The 618 is also longer than any of the mini-lathes, still a couple inches longer than even the 7x16". Also quite a bit heavier 130lbs or so vs 70-90lbs for the minis.