Well, I think this worked out fine. Very generous of you to offer the lathe, and it looks to be a nice project with potential to be a good, working lathe when it is done. There is plenty of support for SB on the Internet, and parts are generally available.
tommied, you should be grateful for this, and remember in the future how it feels to be handed something like this. It should make both parties feel good. But of course, since this deal came together here, I think there is an implied obligation for you to let us follow you along the path to restoration. We can probably provide some help, gladly I might add. I'm not particularly strong on SB knowledge, but I'll help when I can, and there are those here who do know a great deal about them.
Thank you both!