My first spindle mould was a kity machine with an aly table. I was able to do lots of work on it, even though it was a light weight machine.
I kity back then was probably European made, I guess the Charnwood will be a Chinese machine. I think if you a are prepared for some fettling, it may turn out to be a useful machine. Hopefully someone on here has experience of one and can give some feedback.
One thing you will find with a spindle moulder, having tooling with a much larger cutting circle than a router, it is capable of much cleaner cuts. You will of course need tooling, but a rebate block and a decent euro 2 pin block will give you lots of options.