Congrats! Printing out your post would be a fitting addition for future owners to find. There is a great yahoo group that has one of the foremost featherweight experts as a regular poster. He will tell you exactly what to do to fix any featherweight problem if you have one.
I have a white featherweight, it's a little smaller then the black ones. It was given to me, I had been looking for a black one. One thing, the new teeth belts don't work that great on the featherweights, use the flat ones.