I wouldn't worry about the dial markings. Nothing wrong with working in metric. If you have a cheap, slightly programmable calculator you can prefigure how to calculate the number of dial markings to go for an inch measurement. A common one is figuring out how many markings to go to remove say 0.1 in from the diameter. Doesn't matter what the dial reads, the tool has to move 1/2 of the total amount you want to remove. Half of it is on each side of the shaft or whatever, so the depth that is cut has to be 1/2. On my lathe the figure is 317.5 Measure the diameter, subtract the new diameter and multiply by 317.5, which is the number of marks on the cross slide dial has to move.
I'm not a pro machinist like Steve, but I've found one you get the feel of the dials(basically how hard they have to turn to take up any backlash) it's not hard to hit a measurement within half a thousandth with maybe 2 tries. For many things such as venturis, prop bushings, even rod bushings, that is close enough. but the more careful you are, the closer you can get.
Phil C
ps- Dave B, I certainly wasn't knocking the Sherline equipment. For small stuff, which is very typical of a lot of modelling machining they work just fine. It's just if you have projects in mind that might be too big, and you have space to fit, a larger, stronger machine can be had for not too much more.
pps- from friend's experience, don't bother with any of the 9x20 lathes. They are way too flexible compared to the 7 x 10-14 micro lathes and really don't have much extra capacity.