Continued…
On the plus side, it seems to have come with the full set of change gears, the original Burnerd 3 jaw chuck with inside and outside set of jaws, original follow rest and original steady rest. I also measured the spindle run out and it shows less than 1 ten thousandth of an inch of movement.
I plan to use a 2 hp 3 phase 240v 3000rpm motor and run it with a VFD. I will try to incorporate all the original switch functionality into the VFD so I get two speeds, forward and reverse, safety lockouts, etc
Here are some photos from the result of 4 or 5 days of cleanup progress:
Most of the old aluminum swarf, oil and old coolant has been removed, it was everywhere, almost a whole garbage bag full.

Apron and Saddle, back gibbs need adjustment.

Love the brass apron indicators, they were indistinguishable and covered by the same thickness of grime that you see on the rest of the apron. Now her personality is starting to come out.

Compared to the image higher up in this post where the lower thread cutting plate was hidden by the thick grime, it shined up ok. Some of the black paint is starting to come off though.

The back of the machine where the motor had collected a bag full of swarf. Notice the amount of swarf on the underside of the taper attachment base slide in the lower part of this image.

Even the gear train had swarf everywhere. Manged to clean it out well.

The gear train cover, not yet cleaned.

Disassembled the tail stock, cleaned, oiled and reassembled.

Disassembled the compound slide, removed the cross slide dial, cleaned and oiled.

Found the original Burnred 3 jaw chuck with both sets of jaws in the drawer, wrapped up and taped in a shop towel. So happy the machine came with this.

The cross slide and some tapper attachment parts. Notice in the bottom of the image one side of the dovetail on the tapper attachment has been milled away to produce a form template that the PO used to make repeatable parts. Butchering the tapper rig in the process.

Stay tuned as the saga continues…