You might consider adding a couple of 1/4" magnets there by the ports for the two spindle bearings. Seems like that would take care of that fine swarf/dust in there.
Since leaving this comment six months ago, I got a G0709 lathe. Basically, this lathe's older brother. I put two 1.25" magnets on the bottom of the headstock cavity, and two small 1/4" magnets near the spindle bearings (front and rear). Basically, one little 1/4" magnet sits on either side of oil hole(s) that feeds each bearing. It works great. Overall, I think your lathe has some definite improvements over the one I bought, but there were a couple of features I preferred on this G0709...the lack of the need to change gears being one of them. Of course I had to buy a DRO extra and install it, but that wasn't terrible. These things are fairly nice lathes for the money, and likely better than most people give them credit for.
Oh, forgot... I don't mess around with draining the headstock at all. I simply pull the top cover off the headstock, and then siphon the oil out using a large hose and suction bulb. Takes about 3-4 minutes, and also allows me to inspect the inside of the headstock. Of course I'll need to keep a couple of cover gaskets in stock, as they'll wear out from time to time--but it seems like a small price to pay for the piece of mind that comes with being able to inspect the gears, and keep an eye on any swarf building up in the headstock.
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You might consider adding a couple of 1/4" magnets there by the ports for the two spindle bearings. Seems like that would take care of that fine swarf/dust in there.
Since leaving this comment six months ago, I got a G0709 lathe. Basically, this lathe's older brother. I put two 1.25" magnets on the bottom of the headstock cavity, and two small 1/4" magnets near the spindle bearings (front and rear). Basically, one little 1/4" magnet sits on either side of oil hole(s) that feeds each bearing. It works great.
Overall, I think your lathe has some definite improvements over the one I bought, but there were a couple of features I preferred on this G0709...the lack of the need to change gears being one of them. Of course I had to buy a DRO extra and install it, but that wasn't terrible. These things are fairly nice lathes for the money, and likely better than most people give them credit for.
Oh, forgot... I don't mess around with draining the headstock at all. I simply pull the top cover off the headstock, and then siphon the oil out using a large hose and suction bulb. Takes about 3-4 minutes, and also allows me to inspect the inside of the headstock. Of course I'll need to keep a couple of cover gaskets in stock, as they'll wear out from time to time--but it seems like a small price to pay for the piece of mind that comes with being able to inspect the gears, and keep an eye on any swarf building up in the headstock.
How much oil gois in it
There's a drain plug right below the banjo....