From reading both pros and cons of buying this, I can summarize the following:
1. Check the machine make sure it's good. Check the way, spindle, screws, nuts, gears, oil, noise, plays, run out. This is the same as any machine, regardless of size, even with new inexpensive machine from the far east.
2. Can you get it home and keep it. This is just the same as any machine, even sizes.
3. The size of this machine is not that big. In fact, if there is room, it's about perfect size. For lathe, big machine gives very stable cut. But the experts' opinions here are better than mine.
4. The speed should not be a concern if you use VFD.
5. The power draw is not an issue for 200 amps at home, unless you happen to cook (electric, dry cloth and what not at a same time). Furthermore, as some one as pointed out, you can use a smaller converter, and then later upgrade the converter. But, you can use a large converter, but just don't use the machine to cut anything too big. A 7.5 HP doesn't use 7.5 HP draw. It's only at max. I have 20 HP converter at home. Starts no problem on 60 amp 240 volt. Once the rotary converter starts, the lathe can run. Lathe even with gears and all that, draws much less power than a compressor pump without unloader. On the concern you can't use the max capacity of the machine. Well, if you buy a smaller machine, you can't use pass its capacity anyway. So I say this is a non-issue.
6. If beginner is an issue, then it's the beginner issue, not the lathe. Meaning you may need to learn it. Or even using this lathe to learn. Starts with small projects. Go very slow without any cut. Practice dry run many times. Etc. For a 3 HP lathe, doing something wrong would be very bad anyway.
7. If you worry about tooling cost, check if they have tool going along with it. There is a good chance it does come with some chucks, etc.
There are chinese made tools that are very affordable anyway.
That said, much respects to all the "cons" replies and their authors.