Pete,
Let me say this about the ShopSmith. There are people who love them and people who don’t love them. The people who don’t love them compare them to individual stand alone machines. People who do love them love the fact that they do not need stand alone machines.
They will likely never compare to there standalone counterparts. You can easily buy better equipment. But if your a casual wood worker of have limited space/funds then they are great because you get so many machines for the price of one.
They are a quality product, well built, and easily maintained and upgraded. They have so many attachments it boggles the mind and since the design is relatively unchanged most attachments from 50 years ago readily fit on a machine made 10 years ago. I don’t like it at all for a table saw. The table is small and the blade does not tilt, instead you tilt the table. That a pain. Other than for small projects I will likely never use it that way. The older ones make decent drill presses but had a single bearing quill (arbor shaft that goes up and down) so has some slop. The newer ones use a double bearing and are very tight tolerance and as probably as good as most any others in its price range. Old ones can be upgraded to double bearing quill easily. As a lathe I love it but requires a special adapter to attach various chucks but that isn’t a big deal. It makes a great disk sander. I have the band saw but haven;t used it but seems like a decent machine. That’s the limit of my experience.
Another issue as a single machine is the need to be a project planer. Since you have to set up the machine for each operation you don’t want to keep going back and forth. This is the chief complaint. But the space that five machines takes up is huge compared to the shopsmith and cost a heck of a lot more.
If you want one go to Shopsmith academy (link above) and they have a buyers guide on the sawdust sessions I mention. Make sure you get a good one. One last major note. The 10ER is not adaptable nor are its attachments interchangeable with the Mark V/VII. Unless your really into vintage powertools avoid the 10ER. Nothing wrong with it but it is not a “shopsmith”