It’s almost original, it’s missing the original faceplate chuck and the tail stock spindle. If I messed with this and made changes to it, would anyone give a rats behind? Would I be seriously messing up doing that? Given what has been said – I’m thinking not.
No, not messing up at all, which is why some of have mentioned using it as a learning opportunity, or converting it into a special. This lathe isn’t a heirloom! Doing the same to a Myford Connoisseur in perfect working order would be extremely unwise because it would wipe thousands off the value. This lathe is close to being scrap.
Flexispeed made a number of lathes after WW2, all cheaper than the famous Myford, which was an outstanding design. Anyone who could afford a Myford bought one, leaving Flexispeed to the impecunious! Flexispeed were fairly popular, but, although far from useless rubbish, they are distinctly limited in a general-purpose workshop. Still capable of clock repair and similar work though, particularly as modified by your dad. It’s amazing what skilled men can do with simple equipment. The Major is a step up from your dad’s machine, but still inferior to a Myford, and owning a Flexispeed conferred no bragging rights!
So an interesting lathe, but not particularly sought after and definitely not collectable. I’d say a Major in perfect condition is inferior to a modern Chinese Mini-lathe, and worth much less. Various reasons: lots of bother getting that type into action unless it comes with a countershaft and motor, and missing and damaged parts can cause big problems. Much TLC needed – not Tender Loving Care, it’s much nastier wicked uncle: Time, Labour and Cost. And it’s slow – top-speed 606 rpm, compared with an out of the box minilathe which might have an 1100W motor spinning the chuck at 3000rpm.
Someone with lathe experience, skills, contacts, and a suitable workshop is far better placed to tackle the restore this needs than a newcomer. I advise don’t try unless using the work to learn, or making a start in the hobby when it doesn’t matter how long it takes to get a practical result. And above all avoid if there’s any expectation that restoring the lathe will pay for itself. It won’t!
What do you want the lathe for? Plenty of people enjoy restoring old machines. Though time consuming and hard to make it pay, it’s interesting with a great deal of job satisfaction at the finish. Not for me because I make stuff for a purpose, but it might suit you!
Dave