That's the same lathe that I use. It is not well reviewed, but it serves my purposes. The price is right for a 14" variable speed lathe, but the reeves drive chatters at high speed. The handwheel wobbles a lot, but most of that is contained by the bearings. Not much escapes out the headstock. Even so, I turn the speed down for final turning to get the best concentricity. The tailstock siezed up once, and I had to disassemble and clean out a bunch of metal shavings (from production or break-in, I don't know). It is nice and smooth now.
I hope that helps,
Eric