Nic,
The ML7 as shown looks cosmetically good, yet since the last ML7 manufactured was in 1978, I guess this machine should have changed hands a few times and therefore well used to some extent.
On top of checking the spindle loose, how worn are the mating surfaces (white metal split bearing and the mild steel spindle contact area) can be crucial to future usage.
As regard the slideway wear and tear, since ML7 saddle arrangement is based on narrow guide principle, the inner vertical slide of the outer shear is paticularly prome to wearing out. If you have a micrometer size 2″ to 3″ and measure the width of the outer shear, say 3 inches from the chuck end and then 3 inches from the tailstock end, the difference will tell you how worn the lathe is.
More than 20 years ago I restored a Super 7 bedway on a CNC mill, and got back the slideway precision as new, but you need complete lathe stripping and a really big mill to do that.
Super 7 is really superior to ML7 in that the spindle is hardened steel, but ML7 is NOT! Also, contrary to the white metal bushing in ML7, the bronze bushing at the S7 spindle housing was there to last, even after prolonged industrial use.
A brief check on the tightness of dove-tailed slides and their degree of backlash would tell you more about how precision is the lathe.
Note – the ‘quick change gear box’ attached to this ML7 is NOT a MYFORD parts, but it was ingeniously designed by a famous model maker and I remember there was an article about how to make it in the Model Engineer magazine decades ago.
Regards,
Ian