No need to apologize,part of the fun of this is the back and forth. The unit originally lived in SoCal, it spent a dozen or so years in West Tx in my Dad's garage and then moved back to SoCal so its never really been in high humidity. I think that accounts for the small amount of rust.
As I said Im just getting into wood working and I need assess this thing for what I want it do vs what it can do. For example I think using it as a table saw would make me pretty nervous, but based on some things Ive read and youtube entries, I think it might be a good morticer, drill press and lathe.
In any case the first thing to be to order the manual, hopefully it will show me what I should expect to see when I lift the cover off.
Let me buy the manual and see where I get to. Based on what Ive read so far in answer to my questions are I think the general path ahead is;
(a) general exterior cleanup
(b) clean out and grease the bearings
(c) Assess the belts and replace/rejuvenate them
I'll post back when I get into questions (note that I said when not if

).
Thanks again
Ken