OK, first the easy part was seeing what I could do with the noticeable issue with the power cord for the motor, which had a spot loosely wrapped in electrical tape.
First steps were to remove pully from the motor attachment bracket, which has two screws behind it that hold the motor on, the pully is held on with a single screw and the pulley in on a keyed shaft. A few taps with light hammer and the pulley came off with no issues, and it and screws went into my parts bin for inspection and cleaning. I then pulled the pully off the headstock by removing the jam nut, which also acts as drive pulley for power feed attachment. After that was removed, I loosened the Allan screw and popped bracket off the spindle.
Then I gave the motor a wipe down with paper towels and light brush to remove dust and oil residue. So you can see the headstock and motor assembly which has an idler pulley as part of bracket. After taking the major parts off, I removed the idler pulley which is held by a bolt and has two small ball bearings for the pulley to run on.
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Next up was inspection of power cord damage, and what I could do to repair or replace it. At first thought I was going to just replace the cord and switch with longer newer cord, but that would involve opening the motor up which I didn't want to do, so I looked at damage and then the switch. As luck would have it the switch back came off and showed a simple three wire mount to end of switch body, which I removed to expose the end of power cord, and this is about two inches from damaged spot, which looked like a rat had for lunch, and I should be able to just shorten the cord and resolder the ends and install back in switch to make as good as new, with no repairs visible.
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This should be a short simple repair based on design of the internal switch with mounts for the three wires on each end, I was worried it would be type where ground and neutral wires ran straight thru and only the hot wire was effected by the switch.