When I went to see my Monarch, with a build date of 1944, it looked like it had surface rust in places; just like the recent PW photos. It wasn't rust at all, just old dried up oil and dirt.
Even if the lathe has surface rust it should clean right up;
don't let that stop you )
Will you be able to see it run under power? If not, ask to take the top cover off so that you can inspect the headstock gears for damage. Roll them over by hand in as many speeds as possible to see the entire gear. The lower speeds my be geared down too much to spin them over by hand. I didn't see if the bed has hardened ways; do you know if it is?
Good luck,
Very true, the owner said he used oil to cover everything.
On an additional note, seems like this all the vintage iron is coming out of the wood work. I have come across a Lodge & Shipley under a $1k.
Decisions decision……. :makingdecision: