I bought an old South Bend 10 Lathe and tidied it up.
It had no motor so I bought a 3phase motor and put a VFD on it. This was a great choice as it allows me to control the speed without having to mess around with belts and pulleys.
I havent 'rebuilt' it but I stripped it down, washed it, gave it a bit of original colour and put it back together again to see where it is at in regards to its condition.
I have to say it runs remarkably nice. It is smooth a quite and for the most part doesnt need a lot doing to it.
I have a full set of metric gears for it so I am converting it over to metric and the carriage in threading mode is a bit notchy in one direction which I need to investigate but besides that it is in very nice and accurate condition.