I'm very impressed with the PM-45 myself. Was going to get a G0704 but the back order delays just kept coming and I needed a mill. My lathe actually held up my mill delivery but I was still on backorder for the 704 when mine arrived. My gear box is full of oil with a sight glass. I haven't turned it on yet but it's 220v and going next to my Bridgeport that I have a 3HP VFD. The motor is a single phase double capacitance motor whatever that means. I kind of wish it was a 3 phase so I could more directly control the speed of it with the VFD.
The X and Y ways are ground a scraped. Looks to be power scraped and probably not measured but you have oil control. I think the Z cranking would get pretty old as it's a lot to move it. I think the ZX45 has a power Z option but I could be wrong. The thing is larger than you think. Everyone says it and I thought it would be large but it was still larger that I expected. It's not to much smaller than the Bridgeport if you don't include the BP's base.
I think the IH Clone would be the ticket. Being in the states I didn't want to deal with import taxes and whatnot, and it was on backorder.
Jeremiah
PM45 CNC Build in Progress