Agreed. The TD160, although considerably cheaper than the LP-12, was about 80% as good as the LP-12 (conjecture i know).
The LP-12 had better quality components in the main, however the tweaks/upgrades for an LP-12 were also considerably greater cost than the upgrades/tweaks for a 160.
All in all, the 160 was, and stil is, a cracking little turntable. You just need to avoid bad examples which can be as costly to fix as buying a good LP-12