I have never fired one of the Henry rifles but have seen them in the racks at Wal-Mart. They look very much like the old Erma-Werke lever actions made in Germany.
If they are indeed the same design, that is not a criticism of the Henrys as they were a really slick action. I will say the Henry brand appear to be a little better finished.
The Henry rifle is as smooth as butter in 22lr and magnum. Have not shot anything of theirs in larger caliber.