It LIVES!
It's operational. Yesterday I powered it up for the first time since bringing it home. It's really cool how this 1944 machine works. 10HP motor directly into a clutch. From the clutch in addition to the spindle, the motor drives table X & Y feeds, table height, and head height. No quill but the entire head moves up and down. Setting dial on the front is calibrated in IPM. Rapids is a large handle under the table on the right, engage that and things move fast.
The only thing I don't like about the old technology is there really is no emergency stop. The stop switch is around the left side of the machine and given the size of the machine it requires walking around the table to reach. The clutch can of course be disengaged. But that is a large handle up at head height on the left. I may attach a bar around the base attached to an e-stop switch, so a foot switch to stop it is easy to kick.
I'm draining the oil out of the spindle right now (1/2 quart) as it looked awful. The main reservior for the gearbox is 4 gallons. Another gallon for the table power feed gears. Time to order some new oil. I'll need to clean or replace the all the way wipers, and the bib on the Y travel. Then run it for a while to see what needs work.