With respect to the "3 Vee" thing... it really looks like the cross slide only engages two of the Vee's, and the tailpost uses the third. So why build three?
I believe you answered your own question. 2 vee ways for the carriage one for the tailstock. More surfaces, more precise guiding of carriage, less chance of movement in unwanted directions.
The Grizzly is rock solid in longitudinal turning. At reasonable depths of cut and moderate feeds I can detect no variation in finished material. Pretty easy to hold a tenth. How long that level of precision lasts is anyone's guess, but right out of the crate and leveled with a bit of care this machine cuts very true.
As I posted elsewhere, its not a Monarch, DSG or Pacemaker, but for a price point Asian machine that is not very heavy it takes a pretty substantial cut, can repeat the same cut with same results repeatedly. I would love to have an as new 50 year old Monarch 16", not an easy find, so I compromised and got something I think will serve my light use for the rest on my years of machining. With a set tru collet chuck I can hold the same tolerances that I can on my 10ee, its just not as user friendly, but it can take a bigger cut, has twice the bed length etc.
I have not doubt that a similar size Yam would be a heavier, better built machine, but it also weights a ton more and most likely saw hard use before it hit secondary market. People dont buy Yam and Cadillac to futz around making model engines, they get used hard to make money. Lots of really nice old iron out there, but if they are worn out it takes one heck of a lathe operator to hold half a thou. Before I bought a coolant stripped machine that indicated heavy use I would have to turn on it and see if I could hold the tolerances that I want to hold. I spent 2 years looking at 10ees before I found one at the price I could pay that could hold tight tolerances.
I have been told by Grizzly tech that the G0670 is built in same factory as the South Bend labeled machines, just finished different and with different options, handles, etc.
michael