Reddit reviews B'laster 8-GS Industrial Graphite Dry Lubricant - 5.5-Ounces

I had similar problems, and graphite dry lubricant fixed it.

I'd do the maintenance routine just to be sure it's ready to roll. Details are in the owners manual. Basically, air compressor and blow out the power head. Light oil on the sheaves in the oil holes, any light oil like 3-in-1 will work but I like zoomspout because you can get down to the lower sheaves without having to take the headstock cover off. Graphite lube on all the controls and threaded components, paste wax on the way tubes, table, quill and any other unpainted parts.

It's not critical immediately, but you probably want to wire cup those bottom tubes at some point to get all the rust off and then paste wax to prevent future rusting.

I'd pick up a Penn State shopsmith adapter for the lathe, and then you can use any standard 1x8tpi lathe chuck. The barracuda 2 is a great kit that covers everything you need for small to mid-size turnings and is much more affordable than a nova or oneway chuck. Pick up a tailstock live center or two if you don't have one. While you are at penn state, pick up the shopsmith compatible pen mandrel if you want to try pen turning.

Shopsmith sells the jacob's chuck you need for the drill press. Used ones are a little cheaper on ebay. You might also want a tailstock drill chuck (or a cheaper one from harbor freight) for the lathe, especially if you fancy trying pen turning.

Make sure you have a power coupler or two, you need them for the bandsaw/jointer.

If you need any parts (bearings, belts, switches, etc) for your shopsmith, try Jacob's Repair Shop before you order from the mothership, he sources parts that are cheaper and higher quality than the stock ones.

WD-40 is great for a lot of things, but lubrication is not one of them. Use garage door lube or graphite.

You should wipe off any WD-40 you sprayed on there before applying anything else. It'll break down almost any other lubricant you spray on there (a quality that makes it great for getting oil stains out of the driveway, but lousy on moving parts) except graphite or silicone.

https://www.amazon.com/gp/product/B0094IZ3BA

WD-40 is not really made for anything but loosening stuck things, once it evaporates it no longer lubricates very well.

Try a lock deicer if its is for sure frozen or use a dry graphite spray in the lock after the WD-40 to keep it nice and free.

WD-40 loosens really well but isn't a lasting effect. Spray graphite doesn't loosen well but lasts. They are a perfect compliment to each other.