I wouldn't discount ALL 4-way toolposts based on the Chi-com pieces of ****. I've got an Enco post, from back when Enco actually made stuff(I think??), that works really well once you get past the need to shim, which really isn't a big deal once you have a handful of shim stock.
We've got a bunch of these on lathes at work, and the Clausing I picked up last fall happened to have one as well:
Even with the best of the quick change posts you give up some rigidity. This will always be the case, the further that tool is cantilevered off to the side of center the more leverage it has to flex the toolpost and compound. Not a big issue on larger lathes, but the machines us hobbie folks typically run can use all the help they can get.
There's some huge differences in the Chi-com QC posts on the market. If you're buying a Phase II set you can get by with the piston style because holders fit the post much better. Once you go to the cheaper ones, the dovetail specs are much looser and they don't fit as nicely, the wedge style posts will make up for this.