Come now chaps, you are seeing this machine at its very worst, It seems to be complete-ish, depends on what is at the headstock screwcutting end, which we cant see. Rust on cast iron has to be there for a long time before it does any damage, and this looks like rust where the sheet has been resting on the metal. If the price is right, it could be up and running in less than a week! You cut your cloth according to your pocket. I have two very good lathes, a Colchester student, and a Covmac, but when I bought them, they looked very rough, but even together, I paid less for them than some pay for a myford accesory!