Hi Geoff
Glad you are getting the hang of it. The oil pump if fitted in the sump is the submerged type it is driven by shaft that drops down from above. for a slow speed machine it is not needed anyway.
In a factory a freshly oiled machine always tends to drop a little Oil, one of the reasons for the water white clear oil, it does not stain the work. After running for a while the oil will stop dripping. For intermittent use you don't have to oil every day.
Back stitching is really the only way to stop the threads loosening, For machines not fitted with a back stitch mechanism the only other way is to turn the work around, not easy with a large work piece. If you study existing upholstered articles you will find that it is unusual to see the end of a stitch line. it is usually buried inside and not seen anyway.
Regards
John