I have a Shizouka ANS with a modern version of the Bandit (called Shadow) sitting here ready to go. Not quite ready, it's sat for so many years that the battery in the controller needs replacing, I'm not sure if it lost all its parameters or what. But when I got the Haas VF3 in, I never turned that machine on again. That's how good it was
Actually, I did run it for a few years....it has the Quickdraw toolchanger and it all worked. Still, the limitation of 7" quill extension can be a real bottleneck. Plus, it's an open machine so using flood is out of the question. The Shadow controller was pretty well maintenance free compared to the Bandit, which you never knew from one day to the next if you had to pull and reseat all the boards on the backplane in hopes it would fire up.
The Quickdraw toolchanger seemed to have one small circuit board (on the impact wrench driver for the spindle drawbar) that 'got tired' frequently and would need to be swapped out. I think the repair guys just replaced some of the transistors and it would be good for another while.
It would be a real shame to restore a Bandit controller since it has such a tiny memory (1000 word addresses) and offbreed form of G code that requires a whole lot of tweaking to make a post processor to make code for it. Plus, any CAM today will not make actual use of most of the Bandit's shortcuts (special routines) that helped it do a lot, in a very small program. Hell, the entry ramp for a helical path nowadays would overfill the memory, but the Bandit could do it with 4 words of code.