hi, don,
there's actually very good reason for making the carriage longitudinal feed handwheel from aluminium........
a couple of reasons, actually.....the negligible weight of the handwheel does make a very slight, but real difference in controllability when moving the carriage that last fraction of a thousandth....
and.....just like the zincs you put on the bottom of your boat, the handwheel is a sacrificial part......if the machine is bumped with sufficient force on the handwheel, the handwheel breaks before the shaft its mounted on will be bent....and the handwheel is easily replaced....far simpler than having to take the apron off the machine to replace or straighten the handwheel shaft......
if you had several "ee" lathes running in a production environment, you'd keep a spare handwheel in stock, just as you'd keep a couple of spare c16j valves, or brushes for the motor....... and also dynamotor and exciter brushes for the older machines.
there are a few noticeable design flaws, tho,......one of the simpler ones is the lack of a "neutral" detent for the back gar shifter lever.....to hold the shifter in a positive neutral when dialing in a workpiece in a 4 jaw chuck, or changing chucks.
and....the "ee" machines really should have been provided with some sort of easily operated switch control to inhibit max top speed to some pre-set level, to be used when using larger (8", say) chucks. a simple additional dial graduated in "max top speed" for speed pot over-ride should be a relatively simple modification, i'd think.
one of the real hazards of the "ee", if the operator is the least bit absent minded or fatigued, is that its easily possible to bring the spindle speed up to 3500 or so, on the 4000 rpm machines, with a partial turn of the speed pot knob........if the operator speeds up the spindle to polish a workpiece, and inadvertantly speeds up too far, the centrifugal force will open the jaws of a chuck, releasing the workpiece.....this is especially noticeable with large machinable soft jaws, which add a good bit of rotating mass.
(add your own last line to the old navy hymn....."for those in peril on the "ee")
its no joke, tho.......it doesn't happen often that inadvertantly speeding up a spindle too far will get a part thrown from a chuck.... but it can be a somewhat unpleasant if your head is in line with the trajectory of the part.....
cheers
carla