Not correct, a QCGB can reduce the number of change gears and how often you need to swap those gears around to cover all the threads and feeds a lathe supports. But it's rare that a QCGB can cover 100% of the threads and feeds without changing any gears. I think I came across a single lathe that can do that but your talking a $25k lathe. Note also feeds, the QCGB and gear configuration is also about covering the full range of feed rates a lathe supports not just the range of threads.
A great example of two quick change gear boxes are the Grizzly G0709 and the G0824....
G0709 - has only 5 change gears. Only 3 of those ever need to be changed to cover the entire thread/feed range. And there are only 3 configurations total hence the factory configuration covers a lot of the most common threads and feeds without having to swap change gears at all. Also, all the change gears are installed on the machine. You don't have a stack of extra change gears to store on shelf.
G0824 - has a whopping 9 change gears and complaints by people who bought the thing not knowing what a pain it was going to be having to swap change gears all the time. I'll let you read up on the G0824 if you want more details.
Grizzly has very detailed manuals, specifications sheets, and parts lists. Everything on the lathe has a part # down to screws and bolts which you can search for on their website to see if it's in stock. I purchased a number of spare parts for my lathe straight away. Two of the lead screw brass shear pins for example because shearing one of those and not having a replacement on hand in the middle of a job blows. Headstock cover gasket because freaking leaks. Extra brass thread dial gear etc. ALSO if there's one thing that would put me in a bad mood is having to wait months for a spare/replacement part to arrive from China. Grizzly's USA part supply was also a factor in my decision. I can't speak for PM's spare parts supply but a lot of these other machine sellers just sell the machines, they don't maintain spare parts inventories.
Variable speed vs fixed speeds vs back gears - Starting with back gears PM lathes with high and low belt pulleys does double the number of fixed speeds. For example my G0709 has 8 spindle speeds. If it had the high and low motor pulleys (back gears) I'd have 16 spindle speeds and if I remember correctly some of the PM lathes have exactly that so advantage PM. That said a lathe is not a mill. Mills have spindle speeds from 50 to 30,000 RPM's. Lathes are a completely different animal. I discussed variable speeds with my brother before purchasing. He owned a $250,000 Mori CNC lathe and never exceeded 2,000 rpms. Different feed rates sure, but you don't need infinitely variable spindle speeds really. It can help in certain situations, tweaking to eliminate/reduce chatter (squealing) for example. Typically variable speed lathes use 3 phase motors which run smoother vs single phase motors which can produce finish issues. But there are other methods for dealing with chatter. Isolating the single phase motor from the lathe completely. Larger shank tools. Smaller radius tool tips etc. If money were no object I might have opted for variable speed but honestly the 8 speeds the lathe has pretty much covers anything I would do so I spent the variable speed money on tooling and chucks instead.