Truck finally showed up with my new toy. Spent the last few hours assembling, inspecting and cleaning. According to the Ewe Toob videos, most of these Chinese lathes need a lot of tweaking and adjusting to run well. The most egregious problems noted in the videos are slop in the cross feed and compound and the belt drive not tracking true.
As far as I can tell, none of these things are an issue with mine, at least so far. Crossfeed and compound are tight with no detectable slop found via the "grab it and wiggle" test. Belt walks around a little but runs in the center of the pulley. Travel on the crossfeed is a little stiff, but I probably don't have all the cosmoline out from under the ways yet.
Fired it up and the chuck appears to run true with no noticeable vibration. Once I finish cleaning up, I'll indicate it for runout to be sure. Also need to check the tailstock with a dead center and see where it lands.
Of course it ships with squat for tooling, so I'm about to hit Amazon and beat the crap out of my VISA card.