We all look forwards to it being back in service!
Sorry, I've no photos, but I suggest you look on the Lathes.co web-site, find Denbigh milling-machines and study the Model M horizontal.
I cite these because I own a slightly simpler Denbigh H4 (also in the Denbigh " chapter "
so can picture it in mind to explain here what I had in mind.
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I don't know how much you know about horizontal millers, nor quite what I'd not explained fully, so please bear with me if I start from first principles and repeat what's already familiar to you.
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On the Denbigh M photo, the over-arm is the heavy bar projecting forwards from the top of the machine. What I called the drop-bracket is that hefty casting dangling from the over-arm's outer end.
On yours, it is the bar projecting from the vertical-slide, directly above the spindle.
The Denbigh is shown with its arbour, without a cutter, in place, and you can see its outer end runs in a bearing (probably just a bronze bush) in the drop-bracket.
This is analogous to the steady on a lathe, and supports the arbour against the heavy lateral loads imposed by horizontal milling.
The inboard end of the arbour normally has a standard Morse or other taper in the spindle nose, and is pulled in tight by a draw-bar extending back through the hollow spindle. It also means you can use drill-chucks (for drilling only, NOT milling!), boring heads, etc. with similar tapers.
Now, you machine seems to have, or had, a lathe chuck on its spindle, and what we don't know is whether it has a through-hole spindle with taper and draw-bar. If just a lathe chuck, you'd need an arbour with a plain rather than taper shank.
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Now to the nub of what I wrote above. Obviously, the drop-bracket centres need to match the over-arm to spindle centres, so the method I described was to give that.
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On most smaller mills like the Denbigh M or H-series, the over-arm can be slid backwards and forwards through its mounting holes (with its clamps slackened). The Centec has a dove-tailed slide but the principle here is the same. This meant that when I linked the table to the over-arm with the drop-bracket I was making, the over-arm slid back with the table.
On yours, the over-arm is fixed, so you will need to clean it to a good smooth finish and slide the bracket on that.
I would recommend you make the drop-bracket (assuming it's not already there among any bits and pieces that came with the machine) with either of two clamp patterns. The first, common on bench-drill columns, has two scalloped steel bushes on a draw-bolt. The other is the split-type clamp, as on the Denbigh machines.
You need clamp the bottom end of the bracket to the table in such a way you can drill and bore or ream it horizontally for the arbour bush. You could use two angle-plates with a sacrificial steel bar across the gap to support the bracket. Or clamp it on some way in the vice. Either way it all needs to be rigid enough not to spring or rotate under the cutting forces while also transmitting the table movement to the top of the drop-bracket so that can slide without shake along the lubricated over-arm. Ease the clamp just enough to allow it.
I would drill the bulk of the metal out first, before setting up as above.
Effectively this uses the milling-machine as a horizontal borer, but the secret of success is in the drop-bracket moving without springing under full control of the table – along the over-arm on your machine, with the over-arm on my Centec and Denbigh.