In my bold on honest opinion, from the posts you have written so far, I would assume that you are very new to the world of turntables. Unlike with other gadgets, DIY efforts on turntable-internals require expert knowledge and hands-on experience. Trying out stuff based on guidance will work only if you know what you are doing or things would end up rather sour. From your description, in my opinion, your TT will end up being quite expensive to repair/restore, you'd probably be better off, actually buying another one. However if you want to get a kick out of restoring it, then give it a shot, but after doing a lot of reading/research on turntables, and if possible, some on-job-training with other experienced members of our forum