Belt tensioning was my guess; I know the motor has been replaced with something recent and it's all kinds of rigged together, but it's at least under power. If I buy it, this mystery gear will go with it. This model does have the continuous drive feature...and now that I think about it, there are at least two mysterious holes in the lower cabinet where something once resided; that could account for both parts of this worm assembly. But why would they be removed at all? Curiouser and curiouser, said Alice...
I got back in touch with the seller; I'm going to head up that way one evening this week and take a closer look at the gears and the inside of that housing; thankfully, I have at least a token understanding of how gears should look, from having dealt with rack gearing on an extra-big-ass panel router for several years. If everything seems okay, I think we can probably reach a deal.
But here's the big question: price. Given what's sitting there and still needing to be done to get it back into solid service...
1. wiring (it's scary)
2. motor/belt adjustment/repair
3. closing those windows and getting the lubrication 100% working
4. inevitable surprises (doesn't really count)
...what kind of value are we seeing here? I know there are a couple of chucks of varying provenance (one is a Weston, I recognize that name from... somewhere...) odds and ends of tooling, the 90% intact stand, a steady rest, etc, etc so that adds to the value in my opinion. Also, I feel like I got a deal on the shaper, and I like the seller in general, so I'm inclined to not argue prices too much on the lathe. Any kind of ballpark numbers I should be thinking about?