One word of caution for any lathe but I know it applies to the CL lathes from Record. I had one and discovered a common problem. They are not made as precision machines. When you put a centre in the tailstock, it may or may not be aligned with a centre slipped into the headstock. It can be up or down, sideways, tilted up or down, etc.
Alignment was just done at the factory by grinding the 3 points of contact with the bed bars at each end of the lathe, but not that carefully and they then slap on some thick paint everywhere, even the reference surfaces, that eventually wears off.
Mostly this doesn't matter for normal turning, but if you ever use a compression pen mandrel, you need the head and tailstocks along the same axis. This is because a compression mandrel puts a steel rod tightly through them both. Misalignment constantly flexes the bar until something wears and breaks.
The CL's can be fixed, but it's not trivial to do.
I imagine plenty of cheap cast bed lathes aren't too good in this regard either.
Without at least a morse taper alignment bar, and even then, you'll be hard pushed to tell if the head and tailstock bores are aligned to the bed and each other.