Thanks for your input chaps. As much as I would really like VS and a DRO would be very cool, I think I would prefer the quality of the Record Power DML305 over a cheaper lathe with all the bells and whistles. Unfortunately I won't be able to make the Newark show so no deals for me 
As for the DML320 - £50 shy of double the cost of the 305 is way way out of my budget
Unless of course a lotto win happens then is shiny new lathes for everyone 