I have an almost identical Portass Model "S". And interestingly(?) it also has the same fracture. Unless I have a special Rolls-Royce version(??) the headstock spindle sits in split bronze bushes (single slit, similar to the headstock) and as they wear, you tighten up the clamp until it breaks….
The solution on my machine was simply to fit a steel strap across the fracture to hold the broken piece in place. The previous owner had done this very carefully using 4 (square headed!) bolts. I saw no need to try to improve on that.
Presumably you will be making brand new bushes for this. Obviously, as the bush wear was the root cause of the problem, you will need to. However, even having worn the original bush out, my spindle is still original and un-reground.
It would be possible to regrind the spindle but then the pulley and bull gear would need to be bushed out which would cause the scope of work to balloon. As it's a split bush, you can still persuade it onto the spindle with care and keep the work to a minimum.
The repair I described worked fine for my Portass. The clamp still adjusts the bearing adequately and there is sufficient strength in the bush itself to cope.
I painted mine a nice light blue.
Murray
Edited By Muzzer on 30/09/2015 17:07:11