It looks pretty much exactly like my Sears radial DP. Well worth $50. I use mine all the time for wood since I have a larger slower speed DP for metal but I have used it for steel and have used hole saws with it too. The lack of a crank table lift was the only drawback, but I now use a scissor lift from a car I scrapped and that works very well. I am including an exploded parts view from the manual, but not sure how well it will show up.
Agreed. Sell the lamp and you got a free drill press. Plenty of modern lamps to replace it.The light fixture is worth more than $50. Nice for wood, but not so great for metal due to the high mnimum speed (~700rpm) and lower stiffness. Still a nice compact but heavily built drill press.