Welcome to the Quilting Board!
I too have purchased a very old 96-10 that seems to have life left in her (mine's clearly a her as she's being quite obstinate!). I've managed to get a few things done, but the machine won't feed fabric correctly even though the feed dogs do move. So I'm guessing it might be a timing problem. I don't have an OSMG anywhere near where I live so it's been all on me to figure this out. Was just glad to see another home sewer trying to save a 96-10. Would love to hear about what your have learned. Brenda
No Brenda. It is still in status quo. There have been so many other projects to work on. My DD has the sewing machine at her home. Perhaps sometime soon we can work on removing the shaft and get it straightened. Do you have the 96-10 maintenance manual? It is available as a PDF download at this link
Might help you figure out your problem.
These old industrial machines were "rode hard and put away wet" so it is a challenge to get them running again. I am lucky that I have a very good OSMG that diagnosed the problem with my 96-10. Good luck with yours.