Hi Chris ,
Congrats on the new lathe !
My suggestions are after a good clean give the machine a good going over and check for any faults etc .
I would then check for adjustments like spindle play, end float etc , i would them turn my attention to the saddle , cross and top slides looking for correct adjustment then if your happy look at how the lathe will be mounted and leveled to ensure the bed is not twisted .
There have been many articles in MEW covering this and a few on the mini lathe by Dave Fenner so if you're a subscriber you will have access to these and they are worth reading .
As fore lubrication i use a spray on chain oil for my back gears as oil gets flung off everywhere and never use ep gear oil (diff oil ) as you will never get the smell of this stuff out of your workshop !
I will not give a rust prevention cure as i live in a different climate to you . My suggestion is to get some clean bare mild steel give it a clean up with a grinder to expose bare metal then apply a few different types of of what ever takes your fancy in sections along the steel ( note which one is where ). Leave some untreated areas and put it in the dampest place you can find at home (not out in the rain ) but somewhere condensation is more likely to happen .
Remember what ever you put on you may have to wipe off before using the machine !
The feed srews for the cross and top slides will benifit from some grease and i noticed that copperslip is what Dave Fenner used on his mini lathe .
Terry,
Is there any specific additive in the dry lube that you are looking for or just teflon ?
I had though of using something similar but was unsure if it would work and it would help to keep the machine much cleaner as well .
I also would like to try this for the slideways of my mill as once i fit the DRO to the front of the mill table the useless little button oiler that is fitted will not be accessable .
I was thinking i could wind the table to each end and give the dovetails a spray .
Ian .