Sorry to learn of your problem Barry but pleased to see the forum have been able to provide a solution. As the lathe is new to you, you may find my pages on using one for making Stuart V10 and H10 engines interesting. Not saying you should be considering making one, or the other, but the pages will give you a good idea just what it can achieve beyond just conventional turning. As you will see, the process was backed using only a very small drilling machine, no milling machine. The pages are here- **LINK**
I have not experienced the problem you have had but almost as soon as I purchased the lathe I made (as you will see in the above) a four way tool post.
Having a Myford S7 my Hobbymat rearly gets used, for which I should be admonished, it's a fine little lathe.
Harold