I have one of these and they do have a couple shortcomings. One thing you want to keep an eye on is the belt idler pulley. The belt goes
under it not over it, and the bushing tends to dry out and chatter obnoxiously. Keep it well lubed. Motorcycle chain lube is good, or you can try a light grease. I eventually replaced the bronze bushing with a Torrington needle bearing and made a new shaft from hardened steel. Pretty much a permanent fix.
The other thing is the drive coupling from the large spindle step pulley to the spindle. It's a high-wear area, and it makes a clacking sound which gets louder as it wears. The factory probably should have used two keys on the shaft instead of one, or a spline design, but they were cutting costs.
Personally, I like the ease with which you can engage backgears on this machine. Pull the collar out and pull the rear lever up. Simple and fast.
However, the spindle is short and deflects easily under heavy cutting forces, it's a compromise, like a lot of things. Enjoy.
-Mark
ps a variable speed motor is a nice upgrade for these