So in the absence of new advice, I have gutted the machine. Boards out , removed all limit and interlock switches. I will replace those I feel are really needed. Will put in a new Estop , and home switches, so now looking at what is left of the spindle control circuit.

This is me following the ancient Northern principle
"Let the dog see the rabbit"

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Am currently trying to identify the wiring I am left with, so give me time on that one!

I will be building a new panel, with stepper drivers and BOB, and am not expecting too much difficulty with making X and Z operate from the computer .

Bit of trepidation though about making the spindle operate and vary the speed, in coordination with the traverses .

All suggestions considered !