The differences between the two styles of machines are so minute, they aren't worth mentioning, except that the newer ones are nicer. My first two were made right before SB filed bankruptcy and sold their spare parts division to Leblonde, and the other four are machines that were made after the owner of Grizzly bought the company. Make sure whoever you're listening to actually owns or runs one versus someone who is pining for a time when the machines were manufactured in the USA. If I wanted a superlathe, I would have bought one. They certainly not going to take a 0.375" DOC in steel on a 6" workpiece but that's not why they were bought. And these are machines that are used every day.
I don't know what bad things you've heard about the SB1012F, but I've bought six of them over the past six years and have yet to have a problem.
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