Lathe
The Jet is well made. I have a belt type Taiwan Jet and parts are not available. I had to make two gears for it, one was the bull nose gear, not a small task. A lot of Chinese lathes parts interchange. Grizzly parts often fit other brands. I have a Harbor freight and I bought Grizzly parts for it.
Belt drive lathes are often quieter, and smoother. Before you throw away the wood base, check it out under power, it may surprise you. If it is not solid enough, slotted angle steel makes a nice lathe bed. I have one on my Jet. I think the worst part of a belt type lathe is if you do a lot of threading. I do odd threads a lot for other odd jobs I take in, but not so much with cue making. For cues a few basic threads.
The price does not seem unreasonable if the ways are good shape, unless you are in a very competitive area like in the rust belt. Good luck.