If that is all you get for $25.00, I would pass for sure. Who is to say that info is right?
My 10K was built Dec 1988 just under the last of the good ones. When I cleaned and re-wicked the carriage nothing had any visible wear. The machine is as tight a day one.
My opinion the best lathe ever made.
1988? That lathe has missed the boat as far as accumulating any memorable history, at least in our lifetime 8>)
Get a 1930s or 1940s South Bend and you'll most likely find it's $25 well spent.