I replaced the ball bearings on my Chinese metal lathe with roller bearings. I had to replace the broken plastic drive gears anyway (with metal ones), so it was worth replacing the bearings at the same time. But, as Richard Coers noted, if you are not having problems, don’t take this on. I had to make a number of wooden fixtures during the process to enable my machinist son to do the work.
If the spindle is binding, or has excessive play, consider this. But, be prepared for a whole lot more work than you’d expected. Well, at least that’s what I found.
Rich