There are a lot of similarities to that lathe and my old Grizzly G1067Z. My Griz gave good service for over six years. But, as others have said, the lowest speed is a tad wild for bowls and large objects.
But, I was in a HF recently and all the large tools struck me as being crude and unfinished. I just wouldn't be able to buy a lathe there with confidence. But, at the price, if the points line up, it might be an OK starter.
"Folks is funny critters."
Think for yourselves and let others enjoy the privilege to do so, too. ~Voltaire