Reply by MrUnix

Doesn’t sound too bad based on your description… maybe just a few new off the shelf bearings (6205’s and a 6006) and perhaps some Loctite 660. I have the same lathe, and it’s a very simple design. If you want to get creative, I bet it would be fairly simple to retrofit the motor with a variable speed DC motor out of a treadmill and replace the reeves drive with a simple v-belt or serpentine pulley setup. Regardless, don’t trash it!

Oh – another thought. That lathe is basically the same as the Harbor Freight one, and all of their parts AFAIK are interchangeable. You may be able to get a replacement pulley from them if it really is buggered past the point of use or repair. Wouldn’t hurt to contact them and ask.

Cheers,
Brad

-- Brad in FL - In Dog I trust... everything else is questionable