rockfla: Looks good. be sure to check the run out of the spindle with a dial indicator to make sure it is "tight" and will hold the chuck and stock "on center". You are fortunate to have such reliable and talented friends. It's exciting to have a lathe. I used to have the chuck key on a short chain attached to the headstock just in case I ever forgot to remove the chuck key. Safety first.
Keep you eyes peeled for a nice set of collets with drawbar.
Here's a site you will be interested in.
https://www.yuriystoys.com/2013/01/m...024-lathe.html