Interesting, but would be better to edit out stuff like where you try to find the right size wrench. On the lathe, I think the speed is too fast, but it seems to work OK, so no harm, no foul. It may not be good to use emery cloth for cleaning up, as the grit is conductive.
http://www.usa-newpower.com/desktopdefault.aspx?portalid=1&panelid=10&tabindex=0&tabid=45Also, I think it is safer to hold the cloth in your left hand under the piece, and your right hand over it. This keeps your left arm away from the spinning chuck. It's also perhaps better to run the lathe in reverse for such operations, as that would tend to pull your hand over the work, rather than possible pulling it under it and pinching it between the work and the ways.
http://www.practicalmachinist.com/vb/general-archive/polishing-lathe-72943/http://www.hse.gov.uk/pubns/eis2.pdfhttp://bbs.homeshopmachinist.net/archive/index.php/t-49314.htmlA few more points and questions:
1. What is that angle piece attached to the tailstock with a hose clamp?
2. Did you just replace the one bushing?
3. Another way to hold the brushes back during assembly is a piece of tubing or a rolled-up piece of cardboard or similar material.
4. It would have been interesting to test the starter before disassembly.
5. Did you also clean up the inside of the stator (field)?
6. Could you have installed ball bearings in place of the bushings?
7. I think there are some contacts in the solenoid that apply full current to the series windings when it pulls in and engages the Bendix drive. Those should be checked for wear and damage, and repaired or replaced as needed. I had an Isuzu Trooper that would sometimes get hard to start, and I had to replace the contacts a couple of times, with a piece of copper. The hard part was getting to the starter mounting bolts - once out of the vehicle the repair was easy.
8. It's a good idea to have a motor secured to the bench or a vise when testing it. If the armature should "catch" while running at full speed, the angular momentum could cause it to twist out of your hand and roll around, causing some mischief in the shop.