Donna,
I think your sewing machine guy was just jealous because you didn't buy "his" machine. That 201 is a wonderful machine.
I tripped over one a couple Mondays ago and it is the nicest sounding and feeling machine I have.
Personally, I like it better than my wife's Bernina 930. No fibre gears, all steel. The owners manuals say to lube them with the Singer lube, not oil. You oil everything else except the motor and you use the Singer grease on that too.
Singer has manuals in .pdf for downloading. Here is the link to the manual page, I don't know which is the one you need for the 201.
http://parts.singerco.com/IPsvcManuals/
And the link to the parts manuals.
http://www.parts.singerco.com/IPpartCharts/
Owners manuals can be found here.
http://www.singerco.com/
Joe