Hi Les, the only things I'd fault the ML on would be single tube bed and age, compared with your Record, which as green (color) would not be as old.
The ML was an option given to me by Keith Rowley in 1996, one S/H or the new Mystro direct from Myford, I went for the Mystro ... should of got the vari-speed, then that was all new and not a lot known about it then, by me .. it's been a faultless Lathe, other an the pulley working loose .. it happens.
Hope it has been of help.
Cheers Dewi