@Howard70
Looking good, perfect balance! But make sure you do not put too much pull on the ratchet belt as it appears to be applying a torque to your spindle.... bearings! An alternative was to weight the tail stock end. Maybe a couple of concrete blocks? But not as pretty!
At the beginning you did not say why you were lifting the lathe.
But through the thread I got the impression this was to get rid of the original pallet..... If this is the case it looks like you are DONE! Great.
Some folks have moved these lathes around by simply putting the stands on pipes.
Dave L.