The effort, time and inevitable costs involved would be much better spent buying something that once was considered as an extremely good industrial level machine tool and PROPERLY rebuilding it back to new or better operation, condition and accuracy. Any paint and polish ought to be thought of as optional before that accuracy and functional priority. Aluminum while fairly easy to melt and then machine at home, would be one of the poorer choices for multiple and very logical reasons.
I bought the Gingery #3 book about building a shaper, and the #6 about building a dividing head, they both do show that. But if I can’t build as good or ideally better than what I can buy for somewhat reasonable money. All that time, effort and cost involved would be better spent earning and saving what I need to and just buying it in my opinion. Doing it as a project, or even learning how it might be done is enough reason for some, but your expectations should be fairly low with those Gingery books. There’s quite a few lathe build projects on YT, most with better materials than aluminum, but for long term wear rates, durability and vibration absorption, most of those chose the incorrect materials as well. And not one of them I’ve so far watched shows any extras or well designed additions above what you could already buy. Building any machine tool as a long term project simply because you want to and could is a lot different than thinking you’ll ever save any money. Using cast epoxy, granite and mostly standard off the shelf parts as well as electrical components to come up with a custom designed, smaller and extremely rigid CNC machine tool might be an exception.
I’ll also admit I’ve built quite a bit that would be cheaper and easier to just buy. In some cases, it either wasn’t available anymore as a replacement part, or maybe in the size, shape or with the level of craftsmanship I wanted. And for some of it, just because I could or wanted to I suppose. But that has always cost me more in one way or another.
For almost any machine tool, this PDF, https://pearl-hifi.com/06_Lit_Archive/14_Books_Tech_Papers/Schlesinger_Georg/Testing_Machine_Tools.pdf will explain what and where the priorities are. After that, you only need to figure out the basic design, build the patterns, where to get it cast in iron, and exactly how you could then machine, hand scrape etc to get to what you need. That and some off the shelf parts since not many would attempt building there own roller bearings, motor, drive belt and electrical components. 😄