It sounds louder in the video than it is in real life, but yes, they're not a particularly quiet machine like a Hardinge for instance. Much depends on the drive type. This machine has a Reeves type variator which is slightly different in design to the Hardinge type and somewhat noisier. If you take a look at my video on replacing and adjusting the bearings on a plain 102 you can see how much quieter the standard flat belt drive is.
One of the best I've had William. Interestingly, this one has the ungeared cross-slide screw with normal plain 102 index dial rather than the more usual large dial. It is a factory fitting and even has a drawing in the manual. IMO this is a much better arrangement as there's no gear to introduce backlash.