Hi DW,
Have a look on the Yahoo Myford Group – you will find lots of good info:
http://groups.yahoo.com/group/myfordlathes/
For general lubrication on my S7 I use Nuto 32. This is an hydraulic oil, and any such oil with a 32 spec will be similar.
There has been an awful lot written about oil for Myfords, but I think it is worth remembering that oils have evolved a great deal since the original Myford oil spec was written, and that (usually) more 'nearly right' oil is better than no perfect oil! There has been talk of some high pressure (hypoid?) oils affecting bronze bearings but I don't know about that.
Hydraulic oils are often available from agricultural suppliers.
Rgds,
John