Why don't you outfit it with a sanding disk and re-dedicate to a task other
than one which requires precision? That way you get to keep Grampa's saw and
have a useful tool at the same time.
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Once had a Craftsman saw, maybe 1950 vintage.
Replace the arbor ass'y (It's a modified water pump bearing), change sheaves
as req'd to get 3,600 spindle RPM, and replace wiring.
You will now have the basis of a nice 10" disk sander.
S/A: Challenge, The Bullet Proof Boat, (Under Construction in the Southland)
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