As in Morris Garages? Which model? None, as far as I know, would ever qualify as a clunker, even the old A with the DOHC mill. Got 24mpg.
As to the lathe, it's a Powermatic 90 knockoff. They made one with stilts on the head and tailstock back when. I find it strange that Grizzly doesn't mention the outboard thread size on a machine with a very usable outboard turning setup. At $3400, I'd be inclined to go with a PM 3520 over this $2600 question mark.
I've had bad luck with Grizzly castings and overall QC, but they've been willing to replace and replace.