Looking at an enlarged picture, two questions come to mind.
1 ) is the column protruding though the bottom of the base?
If it is can the two clamp screws be slackened and the column moved upwards, slightly, within the base, to gain more headroom?
2 ) The base is relieved to clear the Cross Slide, but is presently well clear of it. Is it possible that there are more tappings /location higher on the lathe bed so that the base could be fitted higher on the bed without fouling the Cross Slide?
If the answer to both questions is "YES", it may be that extra headroom can be obtained without anything more than adjustment.
Howard