Got it all back together today after I got home from the swap meet. It took me awhile to get the gibs adjusted. Since I have no idea how to set them, I set them so the hand wheels were stiff, but not so stiff that is was hard turn smoothly. I made the bolts that lock down the compound, and used some 3/8" grade 8 nuts, that are 9/16" across the flats. They are a PERFECT fit as I can use a 9/16" box wrench to lock it down. Did not have to mill the compound for clearance!!!
I then pulled all my tool holders and made sure they were dead on center.
I made a few test cuts and things seem pretty good. I chucked some 1" round CR and put a HSS tool bit on the QCTP. I cleaned up the steel and that went well. I then turned the tool and faced the steel off, and again it went well.
Then I chucked up the knurling tool, put some pressure on it, engaged the carriage feed and it turned out perfect!!! I then center drilled the steel, then ran a 1/2" bit in about 1", installed a boring bar, and opened it up to about 3/4" I wasn't very happy with the surface finish, but that was a feed/speed issue not the lathes fault.
Now I install the tool that started all of this. I squared up the cut off tool, set it about 1/2" behind the hole I just bored. Locked the carriage, put some cutting oil on the work and engaged the feed. SAME DAMN THING!!!!! Cuts a bit, stalls, pressure builds then it plunges. GRRRRR!!!!!!! However the tool post never moved, I had a dial indicator on it.
So I pulled the parting tool, resharpened it, re-set it for center. This time I fed it in by hand, faster than I was before and it worked great. So I move it down 1/4" and up the feed rate, engaged the feed, and she cut like a pro. I'm real happy now. Made a few more cuts with it, both with and with out cutting oil. They all went great. The tune up was well worth the time it took.
While I had it apart, I stoned the gibs and ways to knock any high spots down, I found a few, hope that was the right thing to do. Also I lubed everything with Vectra Way oil except the rotating part of the compound, that got high pressure grease. I got to thinking that maybe I should have used HP grease, what says the collective knowledge of the GJ??? Keith