Many thanks all for the comments and links, I've got a better idea of what I'm dealing with now, think I'm going to have to get over to see the machine in the flesh and see what's going on with the spindle,
The transformer and bulb holder will hopefully be fairly straightforward to replicate, just need to find out what it needs if anything to fit chucks and faceplates now,
Point taken about divisions into 360 John, although to be honest I think I'd find that easier than working out which plates I'd need to get divisions needed, and chances are I'd miscount the holes at some point anyway,
Think I'm well beyond sorting out any electronic gubbins to fit it these days TBH, just the mention of Arduino CNC and programming and my eyes glaze over, too many wasted years hunched over broken computers I think, they've turned me into a luddite, I even hate my smartphone which thwarts all attempts to let me answer calls when the damn thing rings 
So in summary, it sounds like a superb bit of kit that's more accurate than anything I'm likely ever to be capable of, and near impossible to fix without a lottery win if bust or has any serious bits missing,
As soon as the weather picks up, looks like being a trip to visit the beast and hope it isn't bust.
Have replied to your PM Michael.
John