That looks pretty much identical to the PR-99 repro-only that's doing playback duty in my living room. Mine started out as a low speed machine, but I had it converted by a local tech. He installed the high speed motor and the correct motor bracket mounting, so it works as well as a native high speed machine.
Do a search on the forum and you will find a lot of useful information. For sound quality, the most important advice is to use the Monitor outputs...they appear on the DIN connector. That will bypass a lot of poor sounding electronics that you probably don't need. Second, Arian Jansen has some DIY modifications to the repro board, and they open up the sound quite nicely, as well as converting it to the IEC curve. Third, Arian sells a modified repro board, which has a number of additional mods beyond his DIY article. I'm currently running a repro card from Arian, and at this point it's starting to be a pretty good sounding deck.
Anyone who's going to RMAF can hear some of our tapes played on such a machine in Philip O'Hanlon's Vivid loudspeakers room.