Here is a link to jig borer description on wikipedia:
en.wikipedia.org
Might be useful to understand the differences between jig borers and milling machines. Basically, jig borers and mills have three major differences:
1) strong precision hole location finding- 1 micron precision, versus .001” inch for milling machines,
2) very limited sideways support for general purpose milling, and
3) very small table, with limited movement.
Iam not any kind of expert on Jig borers, but it does look like your machine definitely has the smaller table, fine micrometer movements of a jig borer.
Hopefully some one will recognize your collets and comment. Also, check out the Reed name plate that shows up in one of your photos. Might be a lead as to whom originally made some of the castings. reed- Prentice was an early day machine tool manufacturer. Might be a good place to start trying to identify the maker.
Tlenn