+1 for Sparey's "The Amateur's Lathe"and Tubal Cain's "Model Engineer's Handbook" (a mine of information relating to Model Engineering). Further reading could include two books by Ian Bradley, "The Amateur's Workshop" and the "Myford Series 7 Manual" (Covers ML7, ML7R and Super 7)
Another essential, based on my experience is a Reilang Oil Gun, really good and works in almost any position.
DON't get the Myford Oil Gun. Mine put oil everywhere except through the oil nipples on the machine.
I found the four way toolpost a benefit, (much better than the standard fitment); as were a long Cross Slide, and resettable Micrometer Dials.
A Rear Toolpost is a real benefit for Parting Off (I made mine!)
If you ever progress to Milling on the lathe; GENTLY does it. The vertical slides will flex, (may even twist) if you try to take deep cuts. The Rodney Milling Attachment is good, but deep cuts will show the lack of rigidity of the combination as a Milling Machine.
Don't be put off by these comments, Lots of good (fantastic) work has been done on Myford machines, but use within their limits.
You should have years of enjoyment ahead of you!
Howard
Edited By Howard Lewis on 13/12/2017 01:38:33