@Susquatch Unless it has ball lead screws, expect even .010 from the factory. In a well built machine the primary wear will be on the bronze nut, all things considered. Even lightly used machines will have up to .020 backlash. Once the backlash gets to .050 or .055, the nut is worn to a sharp point, and wear will increase dramatically.
None of this is a deal breaker - you can buy a new nut from HW machine repair for a couple hundred, or you can make your own. If I run into an old machine that has .005 backlash, then I know that the seller is savvy, and has adjusted the play out of the lead screw. This only happens for a machine where the nut is completely worn out, and it makes you suspect other things he has hidden. it lowers the price a lot, just for the trouble and risk.
If the spindle turns without excessive noise, all lead screws work, and the speed changes smoothly (in a variable speed version) - then the machine is workable, ans the rest is just about price. For a really worn out lead screw, I'd spend perhaps 2K on a large mill, because of the work needed to return it to my standard. You see if the lead screw is worn, it talks to significant hours and/or poor lubrication practices. I expect some of the flaking to be worn through. That's not much of a biggie, because hobby hours are low, and it makes it undesirable for professional use. It also lowers the final bid price.
This all goes to "what is it worth to you"... if you are desperate, or if you have a mill already, that also influences your offer.If I could find a Mikron VF2 in good condition, with affordable transportation (nearby or at a good port of lading) I would be happy to sell ALL my mills to buy it. But that's just me. I know how solid and versatile, accurate and convenient these mills are. But that's just me.