I would use the LPL as a starting block to get to almost any De Vere 504 enlarger, whether that be a free standing or a table top unit.
If the De Vere is a Mk IV with a single globe head, then it is probably around the 80's vintage. There were/are quite a few of these units in Australia and presumably NZ as well.
I had the first version of the LPL 7450 enlargers, wall mounted, they are well made, but not a patch on the De Vere enlarger.
The De Vere enlargers are amongst the best enlargers ever manufactured. Just the bellows extension alone on the De Vere, opens up considerable possibilities that most other enlargers dream about.
You can adjust the De Vere enlarger to get super critical alignment for almost any stage of the enlarging process. The LPL enlargers do not have any possibility to do adjustments. That doesn't mean they are bad, just that the factory setting is very good, as near to perfect as it can be. However, if over the life of the enlarger it is manhandled incorrectly, as in getting knocked over or dropped when being moved, you have no way of re-aligning your enlarger other than to pull it apart and re-bend any bent metal/alloy.
If the De Vere hasn't been worked to death, I would seriously consider it over the LPL 7451.
In Australia the two best enlargers that crop up, are the LPL units, mostly 6x7 with a fair sprinkling of their various 7450 units, and the ever present De Vere units.
Tedr1 has explained the LPL enlargers very well, they are excellent enlargers, but not quite as excellent as a good De Vere; they are the top of the tree.
Any pictures?
Mick.