Kelly, that lathe has some nice features, but some flaws, and I'm concerned about the execution.
I agree with Gerald that a 600 rpm min speed is just too fast. And 2400 rpm at the top end might be slower then pen and finial makers would suggest. It looks like the speed control is a Reeves drive. I don't know if that's good or bad, just not my favorite. I'd want to know about parts/repair availability. But my big concern is the steel legs in the video, which are whimpy-wobbly. The cast iron legs in the second picture look like a better choice.
I do like a headstock that slides and rotates, if it is well done. But if poorly executed it could be a nightmare. I would need to see their execution in person, but in the video the headstock looks wobbly. The tail stock looks a little diminutive, but I like the banjo.
If buying in the states is an option (?), $1300 will buy you a solid lathe, but with fewer features. Solid and similar, maybe $2100-2700.