When I started my career in machining, in '74, I was stood in front of a W&S #3. It was a mid '60s vintage turret lathe,,,,, an "Electra-Cycle". It could be set-up so the spindle speed changed when you indexed the turret, instead of having to shift it manually. I was at that lathe for about two months and the owner of the shop asked if I would be interested in working on the screw machine line ( 1 1/4" & 9/16", Acme-Gridley six spindle automatics). There were 12 machines on the line,,,, all had "War Production" tags. Even with 30+ yrs of work off of them, they ran very, very well,,,,,,, as long as the tooling was 'up to snuff'. Nothing wrong with a "War Production" machine, as long as it's been properly maintained. Machine tools just aren't built like that anymore. Just for information, Buck calls that chuck (that's on the P&W) an
Adjust-Tru. A first class tool, for sure!