Rule #1 Never ever ever turn the speed control dial unless the the shafts are rotating either by manual or motor power.
Rule #2 Lubricate the sheaves often. #10 Machine oil - Turbine oil - 3 in one oil - Sewing machine oil . . .
Rule #3 Use Johnson's ORIGINAL paste wax to both prevent rust and to make things slide easier.
Rule #4 Always lock the carriage and headstock prior to raising to vertical!
Rule #5 Always check all locks before starting any operation. There are either 5 or 4 of them depending on the operation.
Rule #5a When tightening an arbor onto the quill shaft, rock the arbor to insure the set screw is centered over the tapered flat. That prevents subsequent loosening.(added 2016)
Suggestion #1 Watch session # 11 followed by sessions 21 through 24 of the saw dust sessions linked to here
Suggestion #2 Watch the 'premiere' session on table alignment. Gauge not required, just more exacting!!!
Suggested printable download #1 http://www.shopsmith.com/ownersite/productmanuals/MKVMaintenance_1_10.pdf
Suggested printable download #2 http://www.shopsmith.com/ownersite/productmanuals/MKVSTDPartsList%20_1_14.pdf
These downloads are of a 520 model, but other than the table, fence, fence rails and minor differences to the headstock, is the same as other Mark 5/V models.
Do not hesitate to ask questions. There are some good people here and are willing to share their knowledge and experience. There are no dumb/stupid/ridiculous/asinine questions. We have all at one time or more been there done that and can empathize with your confusion. Do not be bashful!
And for more from the mothership - http://www.shopsmith.com/ownersite/star ... signup.htm (new 2015)
Check post #5, this thread! Good Job Dalton!!!
Check #6 also! Ditto Dalton!
Another great post - https://www.shopsmith.com/ss_forum/view ... 90#p185690 Fix for a very common problem and it tells how to avoid the problem. (added 2016)
More good reference reading* - https://www.shopsmith.com/ss_forum/view ... 90#p185690
* Thanks to Everett! (Mar 2017)
Goldie(Bought New SN 377425)/4" jointer/6" beltsander/12" planer/stripsander/bandsaw/powerstation /Scroll saw/Jig saw /Craftsman 10" ras/Craftsman 6" thicknessplaner/ Dayton10"tablesaw(restoredfromneighborstrashpile)/ Mark VII restoration in 'progress'/ 10E(SN E3779) restoration in progress, a 510 on the back burner and a growing pile of items to be eventually returned to useful life. - aka Red Grange