Sorry – don't mean to hijack the thread, but this might matter to some of you-
I have a similar but older version of this bandsaw. It has given me some good service, despite its 'crudity' in some areas. Last week I took the top off the gear drive (the box just in front of the motor in the photos above,), and had an unpleasant surprise – there is a simple worm/pinion setup here, to gear down the motor speed and turn it through 90 degrees to rotate the blade wheel. Although there was plenty of grease in the box, I also found lots of small metal 'splinters' (sorry, its the only way I could describe them) – when I cleaned away the grease, I found out they came from the gears – the worm thread was worn to a knife edge, and the pinion had virtually lost its teeth. It was still driving – but only just.
I have no idea why this happened. There was no other foreign material in the gearbox, the bearings all seem OK, and there was plenty of (original) grease in the box. I can't tell if the gear meshing was originally OK, because it is so badly worn. Admittedly the machine has had plenty of work, but not particularly heavy, nor was it making any unusual noises. May be worth checking your machines before it happens to you.
I haven't been able to locate spare gears, so now I'm making new ones myself.