VTCs have been around awhile. It would also be helpful to know what year the machine is (or at least approximate age), which control version, and spindle type (rpm)....
As far as traveling column, it has a few advantages. The VTC can handle small parts to large parts. This (and due to the table size), can vary the weight of the part quite a bit. Basically, the machine can be tuned to the moving weight of the spindle. Therefore, real heavy parts won't affect the accuracy and speed of the machine as opposed to a light part.
Large traveling bed machines may run into some accuracy errors based upon weight (this can be compensated for). This is due to shift in weight, extra force to overcome by the screw and motors, etc. Some machines detect the load and actually will slow down the cut and rapids. Some don't and just the shear weight slows down the cut and rapids (more damaging).
Rigidity is somewhat different. But this machine is pretty stable. I know a lot of guys doing hard milling on these things and have no issues. With the speeds today, the cutters today and different approach to programming, this machine can do some serious cutting. I think there are several on this board with one.
Key thing though, how old is it? and the other questions I asked above...