In the UK and Europe "toolroom" generally means a machine built to tighter tolerances than a production machine. On Colchester lathes, they would measure the tolerances as the machines came off the production line, and select the ones that came closest to exact spec, give them a set of black dials, and call them "toolroom" Unlucky that you do not have the original dividing head, but was it with the mill when originally supplied? Some people bought the full works, some just what they needed. The quality of the Lietz is legendary. You will no doubt have looked at
www.lathes.co.uk/lietz (it is down at the moment, but will soon be back, must be maintenance day!)
Phil
UK