The bottom line is a "good sewing machine" is any machine that will do what you expect it to do within the parameters you have set. Forget about brand for the moment. Forget about age for the moment. Will the machine meet your expectations now and for the foreseeable future? If yes, then it is a "good sewing machine". But there are some things you may not think about when making that determination. Let's look at a few....
If you want to do projects needing stretch stitches and other specialty construction stitches then a vintage machine is not what you want. If all you care about, now and for the foreseeable future is a straight stitch then you open up a wider range of options. So what projects do you expect to do? Making gear is one thing. Tailoring is a whole different beast and what is a "good sewing machine" for one may not be good for the other.
Maximum sewing speed is something you may not consider important. Some of the less expensive machines have a maximum speed of 650 stitches/min. That may seem more than enough for you and it may be. But as you gain experience and expertise you may find it is too slow for your preferences. You can not exceed the maximum speed of your machine, but you can slow it down. Working on a machine that runs too slowly for your taste is a frustrating experience leading to some fundamental mistakes. A machine that is too slow can make you want to pull the fabric through at a faster rate. Bad idea. Compare that to a machine with a maximum speed of 1200 s/m. That is roughly double the speed. For a home stitcher you may not want to go faster than that. Some industrials can put out 2-3000 s/m. That is really whipping along. If you are an experienced stitcher and used to working on industrial machines you will not be bothered by that speed. For me... it is too fast. But I surely would not outgrow it. 650 s/m on the other hand _for me_ is a turtle pace. I would not be happy. It would not be a "good sewing machine".
The slower the speed the less vibration is created, the less heat is generated, the less precision in component finishing is required so the cheaper the machine can be produced. There are trade offs. Make sure you can live with the trade offs you make.
Feed dogs are an integral part of any sewing machine. How many times have you studied a picture of a machine to look at the feed dog configuration? I do it every time. Some machines have a three feed dog configuration. There may be some two dog configurations still out there. Other higher end machines have 5 or more. The more feed dogs, the surer the feed especially close to the edges and end of a seam. If you want to do a lot of edge top stitching you won't like a two dog configuration. It won't be a "good sewing machine" for you.
Durability is something that may or may not be important to you. A machine which carries a 2 year warranty simply does not appeal to me. Not when I can find machines that are warrantied for 25 years. But you pay for that added durability. Is it worth it? Only you can answer that. For me... it is. For you... maybe not.
Bobbin configuration can make a difference to some people. My wife likes the drop in transparent bobbins. She can see how much thread is left on the bobbin. You won't find that on a vintage machine. Is it worth the trade offs? Your decision.
How much is the needle up/down stop feature worth to you? Some folks wouldn't be without it. You won't find it on a vintage machine.
These are some of the parameters you might not think about when you are looking at machines, particularly if you are new. Are you willing to buy a machine you might grow out of? Do you want to be able to surprise your lady with custom lingerie for an anniversary? You need to have some of these decisions in mind before you hand over the money. You won't make all the right choices the first time out. You will outgrow aspects of a machine that does not exceed your reach at the moment. Do you care? Maybe not.
To restate... a "good sewing machine" is any machine that will meet your expectations within the parameters you have set for performance. Forget about brand, forget about age until you have some of these decisions ironed out. Then you can make an intelligent choice for you.
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