Thanks for the replies

If I may address a few specific comments/questions:
Q: "For someone without too much workshop time you seem to have taken on a huge job"
A: Yep! I'm usually getting back to the house at around 7pm. Going to my workshop then involves jumping in the car, driving to it, doing whatever & driving home again. The gates get shut at 8pm, so technically I'd only get about 45 mins there. However, once you're in, they'll let you stay as long as you like... so really it's just a "can't be bothered" thing. Having something
right there to keep me entertained means I'm more likely to get on with it.
BTW, thanks for the serial number info. I'll go looking for it tonight. Ironically, I have to go to the proper workshop to pick up my imperial spanners/sockets, and some cleaning chemicals.
Q: I hope you still have that big bag of Citric Acid!
A: I sure do! So long as it hasn't turned itself into lemon juice in the damp shed!!

Q: Do I need to stock up beef jerky and beer for this spectacle to unfold?
A: Beef jerky is a good choice - long shelf life!! I expect this one to take a while, but on the other hand I want to get into it ASAP. I wanted a lathe for my garage really, not a project!
I'll definitely do a thread about the PCBs soon. There's some good mad-modding to share!
Q: Hears one for when you get round to it
A: Thanks! Great link, I will be studying it well.
Q: The back gear lever on the side of the headstock will lock the spindle unless you can also move the lever on the front of the headstock.
A: Duh! Oh yeah, now I look marginally more closely at the speed label, I see that the two levers are in lock step. Still - good to know I can lock the spindle, handy for removing the chuck! Although one of the modifications in my mind's eye is a spindle brake attached to a foot pedal, so removing the chuck may be a case of spin it full speed in reverse, then stamp on the brake

Q: I hope you didn't actually have to pay for this lathe
A: To my eternal shame, I did. I probably paid well over the odds too - this thing is clinging onto the cliff above the scrapyard by the tip of it's little fingernail. However... I won't let her die! Never! Unless she bites me, in which case all bets are off

Q: What colour will you paint it?
A: Good question that no-one asked! Boring Boxford grey? I don't think so! Hammerite blue? Nah, a bit twee. I'm thinking metallic British Racing Green, with some Wimbledon White "go faster" stripes....
As you can see, I have my priorities in order already

Back to reality - first jobs when I get home tonight (after I've picked my spanners up), will be to separate the pulleys and motor from the mounting plate, and if I can get that far, get the mounting plate off the foot. Then I can start measuring up & doing some CAD work, as I think I'm going to fabricate a new foot/motor plate assembly. I'll re-use as much as I can, but I think it's mostly scrap.