StoneyD,
Bandsaw basket case? It may look that way but everything "wrong" with it can be fixed. I own or have owned 11 Shopsmith/Magna Bandsaws ranging from 1056 to 2006. I have even had one with the rubber tires cracked as you described for yours. What a pain to remove and getting the wheels cleaned for new tires.
I didn't see if you identified when it was made and does it have the original Cast Iron Table or the later Aluminum Table? Knowing its age would change my recommendations for what to do to it. Having the silver (unpainted) Blade Guard makes it before the early 1990's unless it was replaced at some point.
As already been said the Orange Shopsmith Urethane Tires apparently have problems. I have a set that I never ended up installing on any of my Bandsaw restorations because of the problems others have reported here on the Forum. I did use a set of the BlueMax Tires on a restoration without any reported problems. That was on a restored Bandsaw I then sold. For all others tire replacements I have used the OEM rubber replacement Tires. Enough said about tires.
You said,
Pulled the lower wheel off for closer inspection and found a nick on the inner rim of the wheel.
I didn't see the nick in the picture you posted. I wondered if it is really bad enough to make that Lower Wheel unusable.
For the damaged Blade Guard, you can get a new replacement from Shopsmith. It is part number (SKU) 522223 for $22.95 painted red like the current ones or you could wait for one to come up for sale on the used market possibly getting a silver one like the original. I don't recall seeing this part for sale used very often.
Since you are already doing a major overhaul on this Bandsaw there are some other things you may want to consider if they haven't been upgraded already.
The first recommendation I would have is to upgrade the Backup Bearings in the Auto Track and the Upper & Lower Guides. Below is a picture of the older type of roller guide on the Auto Track Bracket that mounts next to the Blade Tensioner. The older type is easy to spot with the beveled sides. The original rollers were made of plastic. These are where the most annoying common noise is produced being a roller on a shaft as opposed to actual bearings like the ones included on the upgrade. They can work fine but need regular cleaning and proper lubrication.
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- Auto-Track Blade Guide Assembly V2.jpg (37.15 KiB) Viewed 41274 times
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Below is a picture of the Backup Bearing Upgrade. Two of the Bearings are used side by side for the Auto Tracking and one each for the Upper and Lower Guides.
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- Bandsaw Backup Bearing Upgrade.jpg (86.12 KiB) Viewed 41274 times
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Something else that is nice to have is dust collection. You can add it with a flange connector to the Cover or if the cover has any problems, you could replace the Cover with a new one that includes the Dust Collection Port. The new Covers also have a slot in the edge of the cover to use your Allen Wrench to adjust the Blade Tension and a window to see the gauge, so you don't have to remove the Cover to do that. A real nice feature. The Cover comes up for sale from time to time.
If your Bandsaw has the Cast Iron Table at some point, if you use it a lot, you may want to consider upgrading to the Aluminum Table. It has some features you may find useful. This is not to say that there is anything wrong with the original Cast Iron Table just some additional features the Aluminum Table has.
Hopefully you have an Owner's Manual for your Bandsaw so you can get to know how to use it more effectively. If not, you can download a PDF copy from here on the Shopsmith website under
Learn then
Manuals & Information.
In the Owner's Manual you will find maintenance information including greasing the Upper Wheel Bearings.