I wasn't sure whether to post this in Beginner's Questions as I've just bought the lathe and I'm just moving up form a Unimat so I am a beginner in model engineering terms, but since it doesn't really seem to be a beginner's issue it's going in here. Can someone please let me know if it's considered bad form…?
My new Warco Mini Lathe has all the rough edges common to the breed, but the compound slide (not even sure if it's the right term) hand wheel is particularly rough. It has around 0.6mm backlash as delivered and is secured with the two fairly rough lock nuts shown in the photo below.

I have the David Fenner mini lathe book and I've read the ARC guide on stripping and refining it, but neither seem to show such an arrangement. Does anyone have any tips or references on refining this arrangement? Curiously, the very similar cross slide hand wheel has very little play in it and is well assembled.
In addition to that, the hand wheel isn't drilled at 90 degrees but that could be redrilled and bushed. I'd also be interested to know if there is a possibility of converting these fixed dials to indexed?
Edited By Chris Veitch on 15/12/2013 10:18:48
Edited By John Stevenson on 15/12/2013 10:37:09