I assume so, can you post a few pictures of the set up, I'm not familiar with the Atlas lathes I have never seen one they may not have ever been sold here in down under land. If you can post a pic of the page in the manual, and also a pic of the oil feeder set up on the apron or saddle. It is my understanding of the wick feeders. I have worked on many machines that used them, that they should not have the wick hang down too far as this will cause them to siphon all the oil out too quickly and not only waste oil, but also make a mess. Plain bearings in good condition do not need a lot of oil. Does your lead screw operate with the half nuts only or does it also have a key-way cut in it to drive a gear for your long and cross feed, or do you have a separate feed shaft? if you only have the half nut system then it should drip onto the lead screw just in front of the half nut. there may even be a hole drilled into the half nut for the oil to drip into. If you also have a drive for long and cross feed then you really should have a separate oil feed to that system.