Welcome to the 66 redeye club! I love mine! In case you need it (because I'm guessing for $5 <awesome price by the way!> it didn't come with it's manuals) I posted the instruciton and the timing and adjustment manuals for this machine on page five of this thread:
http://www.quiltingboard.com/t-129482-5.htm
Billy's tutorials are great for cleaning! It's easy to convert back to treadle if you want to- just take off the motor drop her in a cabinet and add a belt! Have fun with her!