Years ago I bought one of the grizzly 3 in 1 machines. The thing would not work right out of the crate. Would not power up, was just completely dead in the water. Customer support/tech was a joke. I eventually got mad enough and they took it back and I got my money back.
I eventually found a
smithy granite 1324 locally. It was used, but I inspected it and it seemed in perfectly good working order. Also came with a ton of extras (end mills, lathe bits, collets, too much to list)
All in all I am very happy with it. The factory chuck, the jaws did not completely close (could slide a feeler gauge between them when closed), so I replaced it with a shars chuck and it has been great.
The lathe part works great, has a decent sized through hole (can not remember the exact size, but I think a hair over a inch).
The mill part works fine, however in my opinion, the head it too far above the table. If you want to clamp something directly to the table, the head will not lower enough to reach it. You pretty much are forced to use a vice to get it up high enough to mill.
All in all I am happy with it and it is a good hobby grade machine. But that is all it is. If you are wanting to make parts for a living or as a business, get a dedicated mill and lathe. If you just want to piddle around making small parts and whatnot for yourself at the house, it will be great. I'm not making parts for the space shuttle, so it does everything I need it to do.
If I was rich, I would definitely have a high quality lathe and mill (and a place to put them). But I am not, so I make due with what I have