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May we ask how much you paid for this lathe?
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Nah, I am going to want to sell it to help finance another purchase. While I do enjoy restoring old machinery (including my grandfathers Atlas lathe that I have never posted on the PM board). I just do not have the luxury of space for yet another old flat belt drive lathe.
I don't know what "kroil" is, but I was planning on using the electrlytic process to de-rust it.
I'll have to google Kroil here in a little bit.
I kind of winced when I saw the Craigslist photo but when I saw it in person it sure looked salvageable to me. I had to hand scrape a .025" bow out of my grandfathers lathe bed and it turned out better than new. This lathe wouldn't prove to be any more challenging I think. My problem is being torn between wanting to restore it and wanting to flip it for a profit towards a larger lathe. Now to discover Kroil...

-Mike