Nice to be able to consider such tools as a Hobby, innit?

When you consider that, before the Far East started selling machine tools in to the North American market, a lathe like that would sell for near the price of a small house, it truly is a LOT of capability for the dollar!
I have a hard time figuring that you would be disappointed with either of those two models. They are a really nice size to be an 'only' lathe in a small shop.
About the only other things to add to really rock the house, would be a DRO, and a 5C collet closer, whether it's a lever operated, or a chuck, like the Bison ones. The DRO makes your life all that much easier, the collet chuck makes working on small parts very close to the spindle a right breeze, because there is no spinning chuck jaws to watch for. You do not need a huge selection of collets to start out, just some basics to match the size if stock you will have, and it makes making custom screws pretty easy.
Cheers
Trev