+1 for Neils' magnetic mounted polycarb guard, altho' my version gets more use on the Bridgeport mill, mine is fancy with a flexible stalk. One of the cheap "sort of like Noga" indicator holders might work well too. Again more for keeping coolant under control than swarf. Even though I mostly use mist, when not working dry, a correctly placed guard picks up most of the dispersion before it enters the main shop atmosphere. What doesn't hit the guard tends to end up on the machine or behind it.
Power shapers (and hacksaws) should be driven from the side so generally no great personal issues unless you start waving a measuring stick over the job or twiddling the cut feed when its running. (The Darwin Award entry list is always open.) Swarf comes off slowly too. Clip on swarf defector at the front sending most of it down into the tray isn't a bad idea tho', otherwise swarf goes all over the floor.
My big P&W lathe has and industrial style third rod control system so I can drive it from the apron which helps keep out of the line of fire. I have a guard about the place which will get fitted, one day, on a long rod supported at both ends so I can move it to the most appropriate place when working. The S&B 1024 has a chuck guard mounted in the usual fashion which will also go on along rod one day so its of more potential use. Probably more important to fit a stamp bar along the front operating a safety switch as the machine has no clutch and the big red off button is on the headstock side so need to reach across the line of fire in emergency.
Ages ago I got one of those perspex multi-panel guard systems for the Bridgeport. Fortunately cheap 'cos I've never figured out how to set it up and still have adequate access to the job! Objectively I should sell it but I'd feel guilty!
Clive