they had one on sale for $1995 similar to that one but it had the quick change tool post a fe months ago.i didn't see the quick change tool post on this one.it looks nice,but i would want that.
I checked the runout on mine before I bought it. It was less than .001" TIR.
If you use a center support for most of your work you can "dial it in" to whatever tolerance you want. And, you do not need an outboard chuck.