It has been modified. The question is which part.
A split cotter (or half of one) would have adequately locked the ram, and would not require the split. And there is no other adjustment location to suggest that the split is for adjusting the ram slop.
So either the split cotter system is original, and the cut through the casting was added, or else the split is original, and the hole was only a clearance hole to begin with, that was later bored out.
It is so similar to a Southbend as to make me think that is is one that had the split cotter system added. Possibly the person who did it realized that was a bad idea, and set the tailstock aside in favor of a new one, which is why you have that by itself.
Of course, the "save" would have been to make a top-hat piece to fit, which would have restored the original system