Hi HBilly
I bought one of those machines last april. I like it very much. I do a lot of small work, my biggest pieces being about 5" diameter. I work in mostly in aluminum and brass, and a bit of stainless once in a while. I did a lot of research last winter and found that this machine has quite a long table which would give me room to put a vice and a rotary table on it. I quickly added DRO's for the x and y as the indexed crank wheels are unimpressive. The little Z readout on the quill is handy though. I also bought the R8 x 3/4 collet from Tormach along with a collet set from them. It all works well for me. There is a mountain of info for this machine on the net for converting it to CNC as kd4gij is correct when he says that its the same machine as a G0704. I may do this some day.
Some negatives:
1) don't plan on getting a whole lot of aftermarket support from King, their customer support guy from Montreal is pretty much useless.
2) I find that when I mount any milling cutter over about a 1/2" the quill will not hold it tight enough, it loosens while cutting, works downward and screws up the work. Its happened several times to me. Its related to the tightening nut on the drawbar, I can't get it tight enough to hold and if I tighten too much the whole thing spins loose.....so a bit of a design problem there.....and I asked King about it and their response was, basically..."good luck"
If ANYONE out there knows a cure for this please let me know! But as I said before I mostly do small stuff and it works fine on any cutters under 1/2".
Wayne