I'm well into the painting. Yesterday I got the first coat of color on about 1/2 the parts - most of the small parts. I got the headstock and tailstock primered. Still lack primer on the saddle and cleaning and primer on the bed. This week I'll get the first coat of color on all the parts and hopefully start putting things back together next week. Looking forward to getting it back to working condition. The dual-sheave motor drive pulley has a broken large sheave, so I am going to make a new pulley. Already have the round for it, just need to get the lathe back together so I can make it. I have decided to take the dual-sheave countershaft drive pulley to a machine shop and have it bored for the 7/8" countershaft. I will also have the shop take a look at the countershaft support bearing and see what their opinion is as to whether it should be bored and bushed or left as-is. Otherwise, I have been very pleased at what I found as I took the lathe apart. The bed has some wear, as do the surfaces under the saddle and tailstock, but not enough for me to worry about for the accuracy I need for my projects.
As for paint, I chose to follow what some others have done and used an oil-based Sherwin Williams paint with the recommended primer. This paint is not two-part, so it has no hardener. I'm hoping it is hard enough to last a while and resist chipping, wear, and oil penetration. It wasn't cheap, so I hope it lasts. Anyway, I like the color. I have compared it to the color I'm finding on the bed as I clean off the grease and they are a pretty close match. I have been brushing on the primer with a 3/4" artist's natural bristle brush. The primer sets up so quick it doesn't flow out and self level. On parts where I thought it might show, I have sanded the primer with 220 grit wet/dry paper, then painted the top coat in the same way. The color coat flows out, but not completely. Still, it looks nice. I haven't take the time to sand/fill/sand/primer rough castings or spray on the finish. I did a lot of that with my last lathe restoration, but for this one I have accepted the fact that this is an industrial machine and I will be making it very dirty and oily. It is not a show car.
Can't wait to get it back together.
In one of the pictures you'll notice my new Burke #4 horizontal mill in the background. It's not big enough to do the work on the countershaft pulley and support that I need, but I'm looking forward to using it to mill out an MLA T-slot cross slide and some other accessories
for my lathe.