We had several M300's where I used to work and it was "up" for conventional turning. There is of course another logic to this some of you may not have considered. "Up" is toward the operator and the chuck rotates towards you in the conventional manner, lever pushed down (away) and the chuck rotates away from you. You could of course argue that your it's only the top of the chuck that is moving towards or away from the operator but I believe most would concede that in conventional operation the chuck is moving toward you. Just my observation. Surprised that it can vary on a Lathe like a Harrison, maybe it's easily changed to suit the buyer/operator?