Someone needs to buy that. Probably not that bad on the electrical problems. A lathe that size is a super simple machine electrically.
Sarcasm? The 10ee drives, OEM, were one the top performing drives ever made, despite their age. It will deliver pretty much full HP from 10rpm to 2500. That's the round dial, later square dials up to 4000 (although those are tube drives, not as simple as the WL). All done with a only a 2 speed back gear, so as to have no gears on the spindle.
On the round dial like that it should be a Ward Leonard drive. Their only disadvantage is they are noisy, but I've yet to see a replacement proposed that will deliver its performance. If it hasn't been hacked to bits and you can live with the noise, its the best drive you're going to get.
Mine came with the 2 speed back gear, but the drive was stripped out. I adapted the gearbox to the front of a 5HP motor so I'd have the high and low, and power it through a VFD. While it will do pretty much everything I want it to, it does not come close to the original performance.
My concern would be the paint/lipstick/repair. Can't tell what it was like and its also been worked on. Once someone's been into one, did they know what they were doing or have they created more problems?. There is also the missing/disassembly crossfeed and compound. It does have the thread stop attachment which is nice - automatically disengages threading letting you got at speed to a shoulder
EDIT. first computer didn't have FB access, now that I've read the ad, a tinkered with original drive and other parts missing? Strong pass imo and he is smoking on the price.