When my grandfather died a few months ago, he kindly left me his Myford Speed 10 lathe and a variety of accessories (milling adaptor, etc). I would love to have this set up in my own workshop, but at present this is merely a garden shed that's mostly used for woodwork and also has to act as storage space. There is no room to install the lathe. In time, I expect to be able to build a larger workshop with space for standing tools, so until then I want to box up the lathe and store it.
I have build a crate for it out of Contiboard, with a pair of 2×2 "skids" underneath to carry the weight (they're spaced correctly for the lathe feet to be screwed down onto). The crate will be kept in a dry but unheated garage, for anywhere from two to ten years. My question is, how should I best preserve the machine to avoid any deterioration during storage?
Currently my plan is to simply wipe it all down (around the headstock there's a lot of old grease, blackened from the belt dust) and then use a paintbrush to apply a light coat of general-purpose grease (I think the stuff in my shed is Carlube LM2). When the time comes to resurrect it, I'd dismantle and clean all the moving parts, and relubricate with the products recommended in the manual (or modern replacements).
Is this a good plan, or is there something else I should do instead or as well?
Thanks,
Pete