Dlane, kinda funny, I cleaned them with 2+2 and Castrol Super Clean, then stripped any remaining paint. The parts looked great to me, in raw steel, and I'm sure that in 5 hours I can have them back. Wayne (my powder coating buddy) takes them and says "Can't have them back for a few days, I've learned the hard way, these need to cook for a while". He baked them twice at 400 degrees for 2 hours each time. Thankfully his shop is detached from his house because the remaining oil smoked out like a chimney!! I'm sure some Atlas purists may disagree, but I felt that powder coating was the best way for me to go. It may be a "tick" lighter in color, but it's really close.
Thanks for all the kind words, I was really torn because I really NEED a lathe, but it was basically unusable the way it was. We applied the old "If it's worth doing, it's worth doing right" theory and you see the results! This same guy I bought this from had a #1 Dake Arbor Press that was rusted beyond belief and we also brought that back to life. I'll sneak a picture of that on here soon!