Thats a 'good save', Chuck......... : )
If I may offer a suggestion, much time and effort can be saved by gently glass-blasting that column, to remove the rust, after which a bit of penetrating oil, discreetly applied heat, and a hard maple drift driven by a reasonably heavy hammer should bring the drill head, table, and base loose from the column.
Getting the quill assembly apart for cleaning, and new bearings, will be the 'challenging' part of the job. Penetrating oil, gentle application of heat, and careful 'rapping' with a hardwood drift should eventually prevail.
I don't remember about the Boice-Crane drill heads specifically, but some of those old-style drill heads had a splined spindle, which ran in a spline in a die-cast zinc-alloy pulley. Those can become well and truly 'stuck', and great care must be used to free them, as die-cast zinc-alloy parts can't withstand more than a very minimum of heating.
Whether the spindle is splined or key-seated, care must be taken to clean/polish the spindle above the pulley before driving it through the pulley, as any remaining rust will gall out the bore in the pulley. Lots of penetrating oil, gentle heat, and tapping parts a little bit one way and the other, a little bit at a time, is the best way to free them up when rust has grown in the fits. You'll see a 'rust slurry' emerge from the parts as you tap them back and forth gently. Keep adding penetrating oil, and moving the parts gently, eventually enough of that 'rust slurry' will emerge to free up the parts.
(the rust formation between parts acts like Loctite, so to speak. The combination of a good penetrating oil and any motion, however slight, breaks down the locking effect of the rust. Gentle heat, to expand the outer component, aids in getting the oil into the 'rust bond'. Several heating/oiling cycles may be needed before parts can be made to move relative to one another, and a lot of patient 'gentle tapping' is to be preferred to stronger hammer blows.)
The drill chuck may well be beyond practical repair, so it may be practical to mill/grind/turn the chuck body down to nil to remove it from the spindle. The spindle is most likely either a 33 or a 6 Jacobs taper, and new chucks are readily available.
Care must be taken, tho, to preserve the Jacobs taper end of the spindle. If the spindle taper has become bent or damaged, there is nothing for it but to send the spindle out to a specialist grinding firm to have the taper re-ground. Fortunately, this is a simple, easy job for a specialist grinder, and won't cost much to have done.
cheers
Carla