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That's the same as my early '80s BusyBee. It's a Taiwanese RongFu . Mine needed the guide "slot" to be filed to get a square cut. That took me a couple of years to find the problem. The rest of the upgrades were basic machining.
On my to do list are hydraulic downfeed, then I can do sheet metal, and a coolant flush . The last own made a table for vertical cuts.
It's time to start thinking shaper, this is a perfect use for the shaper. And don't forget to grind another shear tool, they work great on the shaper as well.......