Hello Ernie, welcome to the forum.
I have the AXMINSTER M330 version of this lathe in the workshop as a teaching lathe and have not had a problem with it. It's a fine machine. The K10 is a good choice of chuck for it as it is not too heavy. If you can, I'd for for the VS version. You'll want it soon enough anyway so better get the right machine first!
Good luck and happy and safe turning.
Andy