If I paint it, it will be black 
No-one wants to go anywhere near boring the headstock. They all told me its likely to go wrong and end up worse. I think there concerned about the size (so small) and the split in the casting. It seems to be round, and parallel, and the right size, just a bit scored. None of the pro’s seemed concerned about the bore at all.
Would be nice to have new, proper, bushes, all fresh and perfect to the spindle, but I need to be sensible about how much money I throw at it.
Hopefully the (surprisingly cheap) spindle repair will remove the play and it can go on for another 113 years!
As for the bare surfaces, any tips on clean up? I normaly remove rust with vinegar and clean smooth metal with 0000 wire wool and a bit of oil. Maybe a bit of brass wire brushing.
I never really have to worry much about removing metal though. Whats the ‘standard’ technique?