So I can use one of these in there then?
Yes MT2 on the tailstock and the usual MT 3 on the headstock. I think your reference to the missing dial, thats the carriage, which there are none ( not to say they don't exist) .
what we usually do is stick a magnetic dial indicator on a convenient location, thats not on the important list right now. I think first off what Bob said carefully remove bearing caps
with shims keep in order, (don't take more apart than you can handle right now). Clean the grease best you can. while rotating a little diesel/paper towels will help break the grease then start
squirting oil while rotating, clean the caps good, more oil and assemble. The lantern tool post at times does have an alarming angle, plus on some holders, have around a 16 degree pitch
which adds more of a alarming angle. So as already said, you will have to fiddle grinding the top of the tool bit (more flat, level) then try and tweek. You will get it. I already see a
quick change tool post in your future. Don't be afraid of a piston China special with all the holders under $100. Against my negative feelings for over the pond stuff, I bought two
quick change china set ups for my two S Bends, and surprisingly, it works 100 times better than the lantern. Don't throw the lantern away- there will be a time, however the lantern in
my books is a good teacher, quick change? unheard of when I started. You have a fine lathe, use lots of oil forget paint right now, and the learning curve will come trust me.
Now I think about it, i think it was around 80 bucks for a quick change, boring bar, parting, tool, knurler and a tool bit holder, so thats a good jump start for cheap, but works fine....
sam
Oh I forgot, I would say don't lap anything yet, lets try to exercise it first with oil; they do get a little stiff in unused places thats normal. Once a week our lathes, we oil and full travel the
carraige and tail stock whether we need the travel or not.