John, I think the lever is bent like that as it puts the end closer to the machinist. It frankly doesn't bother me as it is, just that I'd prefer a conventional tailstock with a screw fed chuck. It is a simple task to unscrew and store away when not needed. The other day, I needed to drill an 8mm dia. hole into the end of some stainless steel bar, my first attempt at turning this metal. OK, at first with a new pilot drill, but then onto something a bit bigger (5mm?) as I was going to work my way up to the final size. Now OK, the 5mm might have been just a tad blunt but not overly so, but I had to really pull on that lever to get the drill going. By the time I reached the 8mm drill, it was cutting like aluminium.
Chatter. I think it was a combination of the factors you mentioned. The biggest though is the dreaded overhang. As a newbie I am a bit timid (Cautious) about getting anywhere near the peril of the spinning chuck and even though the overhangs haven't been excessive (to my eyes), I think they have. I also have a tendency to tighten screws, etc, just so much, a habit brought about by years of working on cars/motorbikes and almost never ever stripping threads. Clearly when using the lathes, they need more tightening than I'm used to. So I now go around giving everything just one more tweak. Also with a 65yr old machine, things have naturally relaxed a tad and worn also. The parting tool I bought on eBay is astonishingly small and may be better suited to watch/clock making than my motorcycle work. Something 'meatier' would be better. I am now taking more care to mount the tools centrally, and determined by eye. If when facing off the end of a piece of round bar, the final nipple disappears, I feel I have got it right. Feed? Yes I have been feeding the lathe tool a little bit at a time – no 'rubbing' you understand – but enough to cut properly.
But thanks everybody for the helpful advice. This is but the start of a journey, and an interesting and rewarding one so far..
Edited By Paul Narramore on 21/10/2015 10:42:26