I have experience with the Herbert Schmidt rimfire single actions, and .38 double actions (own one), but nothing with a centre-fire single action as pictured above.
Generally speaking, the .22s are not much better than junk. Better off buying a Ruger single-six. My .38 is fair quality. I bought it for the cheapness, but within a year it was relegated to the back shelf of the safe.
I guess it depends on your interest for this model.
For collectiblity? No.
Because you've always wanted a SA and this is cheap? Sure!
You want to start Cowboy Action shooting? Ennnnh, probably not.