4/1/2020 Update:
Cable flies are perfect on this machine, your pecs will respond very quickly.
The supplied bar that attaches to both adjustable pulleys is extremely versatile for a variety of exercises: lat pull downs, tricep push downs, rows front raises. Give it a try and see what works for you. I posted a new picture with the bar attached.
FIRST: if you do not see it listed here for the $1598 I paid, buy it directly from Marcy! The seller who has it here for over $3000 is seeking to take your money!
Second: This is a very sturdy piece of equipment that delivers big for less than $2000!
I am nearly finished with assembling the system. This is a preliminary review based on shipping, assembly and value. I will post an update after using the system for a few weeks.
The assembly is actually very straightforward. As long as you’re comfortable using a couple of wrenches and reading exploded view diagrams you’ll be fine. Be patient, it will take time to locate parts between the different boxes and bags contained therein. If you have room to lay each unwrapped piece out do so, it could help cut down the assembly time tremendously.
This is a high quality piece of equipment. The supplied accessories make it a great value. The foot plate for rowing is the main flaw I’ve found so far. It is a totally flat plate, not ergonomic for a natural foot/ankle position.
I need to reach out to Marcy to replace two of the bench leg pads. One cover was punctured in shipping and two pads have permanent deep depressions in them from shipping. They’ve been out of the box for several days but haven’t returned to a smooth round shape.
More to come after I finish the assembly later this week.
UPDATE:
Running the cables and attaching the pulleys is not difficult, tedious and repetitive but not difficult.
The smith machine is very smooth and has a natural range of motion.
A couple of issues I have with the system are the butterfly attachment and the foot plate for seated rowing.
The arc of the butterfly motion seems too long. When performing seared butterflies I noticed I am reaching out to keep my arms in contact with the pads as I complete reps, as if the bars are too far away from me. I have just over a 6ft-3in wingspan and and never had this issue with any other seared butterfly. I suspect either the support the arms attach to is an inch or two too long, or the back pad needs a spacer between it and the frame it connects to. A significant enough spacer will force you forward enough to maintain a natural range of motion while performing butterflies.
The last issue with the fly arms is that they touch at the peak of the motion. This will result in cosmetic damage to the ends of both arms over time. Simple fix is a rubber 2in sleeve over then ends of both arms but since that’s not provided, I will wrap mine with electrical tape.
The problem with the foot plate is it is flat, not ergonomic for a natural foot position.
Some of my photos will show the foot plate and the support for the butterfly arms.
The Marcy customer service representative was very helpful when I called to request the replacement pads and some rubber end caps.

UPDATE: Marcy's customer service replied to my email and they were eager to help and resolved the issue quickly. Product support is very important to me, so I changed my 4 stars to 5 stars.
Boxes arrived (5 of them) pretty beat up, but once I removed everything from the boxes and found no visible damage. The equipment is all very well made and I felt it was a good purchase. Instructions could use a little help, but the diagrams have been pretty easy to follow so far. At one point, I had to install the guide rod sleeves onto the guide rods. I cannot get them on even after filing the edges off the rods and spraying WD-40! I then tried gently tapping them on using a rubber mallet. That's when I noticed ball bearings on the floor. I emailed Marcy, but have not yet received a reply. I will update this once I hear from their customer service

After a lot of research on similar home gyms, I purchased this as it seemed to have the most bang for your buck. Assembly was relatively easy with the assembly instructions on YouTube. I used a battery powered impact gun and t-handle Allen wrenches to make assembly super fast. Once set up this machine is beautiful, sturdy, and makes a remarkably small footprint for the amount of options available to you. In my first few uses, anything that utilized the cable pulley system seems rough, and I had believed I bought a piece of junk. But, after 6-10 uses it seems to have broken in and has become really smooth in its operation. For the price you pay, Marcy included so many little additions you really feel like you get a ton for the money. Its been a great machine that has everything you need to ditch a gym membership.