Ian,
First … Welcome to the forum.
Sorry, I am not familiar with the lathe in question, but; if the bearings have external flanges, that suggests that the housings in the headstock may be simply bored straight through.
… is that the case ?
I have seen the component items of some Timken bearings boxed separately, so it may be that you could just replace the inner … Your chances of this working would be much better if you buy genuine Timken items; because the taper angle is more likely to be an accurate match.
My advice : Check the numbers and ask Timken.
MichaelG.
Edited By Michael Gilligan on 11/12/2014 09:39:07