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Do I *really* need this part?

Who needs a thread dial? Just cut only thread pitches that are a multiple of the lead screw pitch.
 
Hello All!
I'm on a mission to get our shops '79 Whacheon lathe up to par again. Also, I have zero qualifications for this project, yet here we are...
I'll attach a picture of the item in question. It is a picture of what I believe to be part our lathe had, but was since broken and/or lost. No one remembers exactly (helpful, i know). Also note, this is not our exact lathe pictured, one of the techs forwarded a few things he found to try and help.
Here's the thing, I'm having a hard time digging thru to find relevant information, and also found an additional piece of equipment this may belong to. We have a Mimik PT45 piled on a pallet that was pulled out from under the lathe as it had "coat rack" status for quite awhile. Could this be part of the Mimik and not nessecry for the lathe?
The yellow circle I am aware is the dial indicator used for threading. The green circle I assumed was part of the threading , half nut(?) Possibly, but the discovery of the mimik has me wondering.
Any and all knowledge you can share would be greatly appreciated.
I'd suggest a well-focused photo of the entire lathe. Then people will be able to see what else may be needed, and/or is just wrong.
 
This machine is a '79 which is likely part of my problem, there just aren't the photos or vendors on the internet for me to get easy search results like if I had a machine from the last 10 yrs. I try looking stuff up and just get a smattering of stuff to sift thru.
That lathe is still available new, There is plenty of information around on it. I ran one from '94 till it was moved to the Indianapolis facility about 2 months ago. Great machine, I would have one for sure.
 
Look ..
it´s a business You are in.
The cheapest best solution is a drive-by around local machine shops with similar capacity, then go and ask for a 3 hour consult at 150€/hr.
The guy will show you what, how, when, how much, and tell you what you need.

You will NEVER get anywhere near as good as what the 3 hour consult will teach you in terms of productivity, capacity, accuracy, etc.

You will spend and lose 10.000$ before becoming halfway proficient, without the guide.
 
I'd suggest a well-focused photo of the entire lathe. Then people will be able to see what else may be needed, and/or is just wrong.
Thank you for the advise. The guys just got it all cleaned off, so I should be able to get some clear pictures of it now.
 
That lathe is still available new, There is plenty of information around on it. I ran one from '94 till it was moved to the Indianapolis facility about 2 months ago. Great machine, I would have one for sure.
I must being doing something wrong in the search then, I'll keep digging. Thank you for the sharing your experience with it. I don't know what worth investing time and money into and what's not with these things so I appreciate the input.
 
I must being doing something wrong in the search then, I'll keep digging. Thank you for the sharing your experience with it. I don't know what worth investing time and money into and what's not with these things so I appreciate the input.
Greer Machinery in Huntington Beach Ca. is the importer. They have parts and service. That machine is about 40K new, definitely worth sorting it out. It is no toy, all safety procedures need to be followed. If it gets hold of you it could kill or maim you without missing a beat.
 








 
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