I've been happy with it for being a Chinese lathe, hasn't gave me any problems. It's about 11-12 yrs old now. Matt at QMT has been nothing but a pleasure to deal with too. I bought my PM1236 & PM45 back when Matt did not offer any Taiwanese machines & I was too scared to buy used at the time not knowing what to look for in used machines. If he did have Taiwanese machines back then I probably would have bought one but then again I was already squeezing my budget at the time. I had originally purchased a PM1127 but changed my mind shortly after.
They are definitely not my "for life" machines, I'd like to upgrade someday but they've been serving me well & I haven't had the urge to upgrade (well not enough to actually start considering it). I'd like a 13x or 14x lathe & a full size knee mill but really my machines now have done everything I've needed capacity wise. If not a Taiwanese lathe from PM (waiting for newer offerings) I'd really like to have a old Mori Seki or Takisawa or one of the clones. But not sure I can fit one of those in my home garage.