A couple of small updates...
I got started on cleaning a few small patches to see how bad things are, and I was surprised: it's not bad under there! Everything that's semi-brighter in the following pictures was spruced up with a paper towel soaked in a bit of Kroil; I think that some degreaser, microfiber cloths and some soft brass wool in selected areas would do a really nice job.
Pictured: The original milled surface is still visible outside of the wear range of the...uh...the whatever wears on this area.
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Pictured: So, this may just be black paint, judging from the knocked-off spots on the front of the guard...but the knob looks pretty good!
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Pictured: Turns out that it's Rockwell and/or battleship grey, underneath the grime.
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Pictured: Vise surfaces aren't that bad, but there's some wear...but not much wear, considering.
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Pictured: Damn. I didn't think the engravings would be this clear. That's a win.
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I kind of knew that this thing was in decent shape, but I'm actually pretty impressed with just how clean it is; sure, it's caked with shop-grime on basically every surface - the horizontal ones are the worst, but the verticals aren't far behind - but that stuff will probably clean off pretty well. I may just set the entire thing in a large tub and start washing it down with...well, something. I don't really want to take a hose to it because that seems like nightmare fuel, so I may just take a bit of light-duty degreaser to it and see where we get. I've never seen Kroil cut paint before, but it cuts through everything else so I don't want to risk it here...and the more I look at this little thing, the more I don't want to restore it. It's somehow survived for somewhere around 80 years almost entirely intact, so I feel like I shouldn't deprive it of that achievement; making it showroom-perfect would...reduce it? Is that the phase I'm looking for? Regardless, it's a promising start and I think that a day of intensive cleaning will yield some pleasant results.
Also, I found a spare plug...so, this happened:
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That motor doesn't just run, it
purrs. Instant, fast start, and it's damned smooth and quiet for its age...and that with basically no oil in the bearings in however-long. I was planning on oiling it and letting it move around a bit, but somehow I managed to relocate myself by 3,000 miles and not bring a single oiler with me...so I'll have to fix that before I let it do much more. I'll also need some fresh belts and the motor section bolted into place, but that's all an easy fix.
Stay tuned.