While it is nice having a big shaper, I very rarely use it's full potential. Most off the pieces I put in it are way smaller than it's capable of handling. And mine is anything but a beauty, for now at least.
Update on the original problem though, I did get a little more intimate with her this afternoon and discovered some things. First, I went spelunking into the crevice in the center of the ram, and under 40 years of dust I found two separate oil holes for the rod link, which I had to dig out with a scribe, and blow out with brake cleaner. Second, the plug I mentioned in the side of the main casting I don't think was an oiler now. I believe it was where the original main power switch was located. I think this because I found a cord retainer inside the main casting directly below the plug, almost at the bottom. All wires are now run outside the machine, so apparently it's just a matter off popping the side cover off and dumping some lube on the gears every time she runs. I may play around with making a drip oiler anyway.