It's an excellent choice for a small mill and mid range lathe.
I have this combination but as separate units which I'd recommend instead of the 2 in 1 unit pictured. For a review of these separate components, check out
Frank Hoose's website.
The lathe is much more capable than the more common 7x14 minilathe but is still usable where space is a limitation. I don't have a garage/shed so I have it installed in a spare room of my house.
The mill is excellent for aluminium and plastics and will handle steel although you have to watch the speed and feed rate. The mill does require a bit of tweaking to get right but nothing too difficult or requiring specialised tools.
I've had mine for 2 - 3 years and both get a fair bit of use. No problems or complaints to date - apart from the cost of accessories, expect to spend at least as much as the purchase price of the mill/lathe on tools you'll need/want.
I've few pictures on my website, see signature.
If you've got any specific questions, please ask.