Yes, really an old chestnut, and as ever, IMO the answer/s haven't changed either:
I presume that you've read the sticky at the top of this section, about "Why pay more ..... ?" etc?
As has been said many times before, just about any scroll saw - including the machine you refer to - WILL cut wood (and lots of other stuff). And it's not really a question of "accuracy" either - that only comes with practice (sorry), especially cutting dead straight lines and gentle curves, champfers, etc, all of which even "just toys" need.
The real difference between makes like Hegner, Excalibur, etc lies not in the accuracy of the finished job (as above, that's down to your own skill - i.e. practice - a LOT!) but the DOES lie in the overall ease and pleasantness of use, tensioning blades, changing blades, etc, etc, as per the above "Why pay more .... ?" sticky.
So a lot depends on how much toymaking you do - even if only a hobby, it's much more pleasurable/less irritating to use a machine where all those "convenience" matters are easily taken care of.
So if you don't want to spend the significant sums needed to buy a good machine, then keep your eyes open for the usual sources of SH machines.
And BTW, if you're interested in toy making (just about all sorts) then I'd definitely recommend a visit (several actually) to the US web site:
https://toymakingplans.com/
Includes loads of plans, a Forum (a bit like UKW, but deals primarily with toy making, obviously) plus various helpful "how to" articles, like making wheels.
And if you're a scrolling newbie, have a look at another sticky at the top of this section, all about sourcing blades, types, manufacturers, etc, etc.
HTH