Mr. Cadillac. The Clausing version I have is a similar idea, they went around it quite a bit differently I learned the hard way, there is a proper adjustment procedure on all these lathes.
The double brass nut is a great idea but I agree with many that you do need to take it easy and dial in some backlash. Too tight would be a big mistake in the long run.
I did find this illustration that better explains the process on the Clausing Colchester 15 (1970) vintage.
It says to loosen the rear brass nut, slightly tighten the wedge (1/4 turn) tighten the rear nut and check for backlash.
I made the mistake of loosening bot nuts, lost my reference.
So I tightened the front nut, backed out the wedge and brought the cross slide toward me (bringing the nut into the front nut) i tightened the wedge until i felt a slight drag, tightened up the rear nut and found .009" in backlash.
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