If I were repairing a machine tool the last thing I would use is turcite. Why? It does compress and if involved in a crash it can happen that the turcite will not decompress from the crash leaving a loose axis or a unsquare axis. My repair would include the use of Moglice as it is really easy to use and when applied properly will last years for just a small investment. Also it is very slippery too and makes excellant gibs or wear surfaces. It is available through Devitt Machinery or
http://www.moglice.com/ . Also they have an excellant manual that you can dowload that shows proper installation and uses. Give it a try it does work.