Hi Andrew,
It should be ISO 68 for the ways and ISO 32 for everywhere else – no grease. My machine had Molyslip pumped into the headstock bearings – since replaced, see my album. The gib-strip is not tapered, just flat and adjusted with the grub screws on the front of the saddle.
Now then, it looks like a narrow guide machine, your first photo of the front shear and serial number confirms this, as well as the rifle shaped felt wiper.
The gap could be quite small if there is some wear on the guide at the back of the front shear. An ML7 I had, had gaps of 0.014 thou. and the Super 7 is 0.019 thou once adjusted. This is why I'm trying to establish what the gap might have been when the machines left the factory.
It is also possible that the narrow guide has been machined away and the rear shear brought into use without any visible adjustment packing. This would mean that the saddle has been brought forward which might cause misalignment of the lead-screw and half nuts.
So, can you twist the saddle? can you get a small (3 thou as a starting point) feeler in any of the gaps (front and rear shear) . For sure, the saddle should not be bearing on both front and rear shears.
See also this thread **LINK**
There is also another thread dealing with this which fro the moment I can't find
Regards
Phil H