I'll admit it here - $200 all in for the lot.
Industrial sewing machine guy says he'll get it back to fully functional (including restore or replace the hook/bobbin carriage, refinish the surface rust on the plates, recoonect the reverse bar, and replace the walking foot/presser) for under $300 and two weeks, which includes the 30 minutes he spent walking me through what he was seeing.
I'll probably buy a new table from him - the seaside humidity wasn't kind to the particleboard the "original" table was made of, and he has a new plywood version with the lamp and thread holder already installed for $125.
I may spring for a servo motor. I know it's the most highly recommended mod out there, and for another $150 or so would probably be the difference between me loving the machine and hating life. On the other hand, that's another $150, and this machine hasn't made me any profit yet.
so for about $700 all in (plus thread, needles, and other incidentals) I'll have a machine that will easily handle wallets, journal covers, and up to 7-ounce combined leather for other knick-knacks and doodads I can sell at the swap meets. I've done a couple (literally two) holsters handstitched, and I'm not sure this machine would be up that, or knife sheaths, but it'll speed my production of the smaller stuff, for sure.