Ask the seller where he gets stuff, what's he using and what comes with it. In other words, I don't know2. Is tooling for it standard enough that I won't have issues finding it?
Jets are nice. Check grizzly too.3. Would I be better buying something like the JET JHL-610 for the small work I plan on doing with this? Feel free to make suggestions. My local machine shop has a jet on the floor which is why I mentioned.
If I were interested in small work the lathe is capable of handling, and it were decked out with all the options and accessories, and lots of tooling, yes. For that price, you are close to a Sherline or a HF or Grizzly 9 x 20. Griz has more stuff, but it's $1000. New has it's benefits. For $700 used, I would want US made, South Bend or something.4. Thoughts on a fair price? The seller is asking ~$700.