Old Craftsman Lathe Model 101.06242

I recently picked up an old craftsman lathe. I previously picked up a Montgomery Ward lathe but was unable to find any model on it and what it needed. I would like to get it running also. It needs centers and a motor. The craftsman is only missing a motor. I had a 1/3 hp 1725 rmp motor hooked to it last night and it did alright but it would bog down constantly. I will be getting a stronger motor.

I currently reload and I know there are some parts that are special to the equipment and others that are universal. So i have a few main questions.

Where do I find different live and dead centers at?

Is the live center threaded on one end?

What size centers do I need?

Are centers tapered?

Are centers universal?

How do I remove the existing ones in the live end?

What types of centers should I purchase to start with?

What size and type of motor should I replace with?

What type of belt will serve me best?

How should I mount the motor? Below on a hinge?

Any special maintenance needed for an old lathe? Removing and oiling bearings?

Where is a good source of parts?

This should at least get me started. I hope to be able to use it and produce something I can be proud of. Last light was a bunch of tear out and ragged wood. 2×6 ripped about 6” long. This was my first time ever turning but I would like any help on how and what I need to do to get the lathe in the best shape for turning.