+1 on the LMS kit. But the QCTP for a Chinese 9x20.
They make one specifically for your lathe, which may or may not be the same.
http://www.littlemachineshop.com/products/product_view.php?ProductID=2486&category=-419988835
Probably the tee-nut that fits the compound is the difference.
call or email Chris wood at LMS and he will get you fixed up.
This is the main thing you need, and you can buy the QCTP kit for $100 from a number of places. Tools4cheap.com had some 2nds for half that, which is what I bought.
2nd is the tailstock drill chuck, with MT2 taper on the arbor.
These are the thing you will use 90% of the time.
Later on you will want a set of change gears for $100, maybe less.
Also the boring bar set, and a steady rest.
What you have is an Atlas 618 Mk2.
The color is very close to Ford Dark Blue engine paint, available at your FLAPS
As for the cover, there are a lot more of those lathes than there are covers for them. I think i would fashion one from aluminum sheet. They only had 2 attachment points.
I have some pics of those at home
Also, you can get a PDF of the factory manual for that lathe in the files section of the Yahoo group for Atlas lathes.
Or email me and I'll send it to you.
Nice lathe at a great deal, bordering on larceny. enjoy