Cyph: nice looking project. other than rust, new switch and the arc of shame it should clean up pretty nicely. i have one that I bought almost 100% restored that is close to the same year if you want me to post a few pictures on your thread. just ask and i'll do so otherwise best of luck and i don't think you overpaid.
i'm used to lifting 200 pound vises and i'm pretty sure my Walker Turner DP might weigh close to that much. it's a beast and hurts me every time i move it. hopefully i'll have a permanent home for it on a bench soon.