This Lazy Kate is being offered at a discount because it does not have any of the tensioning features or the guide on the center pole. You can purchase the guide from my shop here:
The bobbins are not included, they are just in the photo to show you how they look installed on the Lazy Kate.
This Lazy Kate also has some dents in the wood. It can hold both the old and the new bobbins, but it does not come with the tension knob or cord. The new overdrive bobbins won't work on this particular Kate if you add the tensioning features to this lazy kate because of the location of the cup hooks.