I had one once. Its a decent machine.
It would be worthwhile to cut some material on it if the seller had a collet. This way you could look at spindle bearings. This is a 1940-1950s machine (to include the base so the head is going on 80 years old and the bearings would naturally be of some concern)
Its a 32" table which is smaller than your later machine. Likely to be plenty of backlash in the screws. Mine had a dip in the Y-axis also likely due to wear. So the tram was not ever perfect, note the head can't "nod" downward, only swivel left/right.
It was a good starter machine but note you get no cutters, no phase converter, no vise, no collets, no hold down kit, no edge finder, no spot drill, no drill chuck, no indicator, etc. There's some more money to be spent before you're ready to take on a variety of drilling, milling and tapping jobs.