There is a lot of good info on M-Types at the Drummond Lathes group here **LINK**
Check out the FILES section in the group homepage. Lots of good stuff there, including the essential how to adjust the rather unusual headstock bearings.
Check the condition of the thread in your lower half-nut. There is a repair procedure involving making a threaded "bobbin", cutting it in half and soldering it into a recess machined in the old half nut lever. It is a bit involved so unless the old one is completely stripped, not worth the bother. A bit of backlash there does not affect its operation at all.
Edited By Hopper on 15/03/2023 22:58:03