Peter,
I think your two tone yellow might confuse some into thinking its just a little boss thing.
It's part of the main casting however, that bolts to the lathe bed and will need some reinforcing.
I'm not sure of the detail of the casting on the underside but my starting point would be to see if a 12mm strap of steel could be permanently bolted accross the whole mounting face replicating the mounting holes and then cut off this weakened lug.
You could always try for a 2nd hand one from a site like this. Amazing what comes out from under the bench
Regards Bob D
I too see the new posts with photo detail. How many of those bolts are attachment bolts? Are some just used to jack off and align the base to set it up square. It might suggest that the whole thing has been a bit brutally tightened at some time.
The basic repair principal is still valid.
Bob
Edited By Robert Dodds on 17/04/2012 16:56:46