Thanks everyone. I thought you'd like the choice.
Thomas, I have a local fellow Creeker that has already been extremely helpful with info about VFD's and has offered whatever help I need. I sure love this place. Don't know what I'd do without you...
I have been to OWWM.com already. Did a lot of research there before going to look at this lathe. Oh, and I have a 20 year old DJ-20...does that count as vintage yet?
I don't know if you could tell from the pics, but there is body rust with peeling paint that needs to be addressed. Also, there is rust on the ways and other parts. I kinda think it all needs attention asap, but agree that I should get it up and running with a VFD first to make sure that all the moving parts are working correctly. Then I'll tackle the paint.
As for a manual, I'm going to contact Powermatic Monday to see if they have a manual to send me, and also to find out as much of the history as I can about this particular machine through its serial number. If they don't have the manual, I've already been sent a link via PM for a manual. The serial number starts with 81, so I think it was built in 1981.
Other than the VFD, the only real mod I want to make to this machine to make it EXACTLY what I want is maybe a 2" riser on the head and tailstocks, if it is possible. Well, of course it is possible, but I mean, if there isn't any real reason not to...like danger!