I have looked at your site, specifically the Mineral oil/Beeswax formulation. I Use this for end grain cutting boards. I use a 4:1 mixture by weight.
It is also easy to melt the wax into the oil in the microwave oven. 5 minutes on a high setting does the trick. There is no smell og spatter in the microwave, so even your better half will not mind this use.
Remember to use a plastic container and do not use this procedure for anything containing volatile solvents.
I'll try the beeswax formula right away. I have a large amount of beeswax from my beehives and use it a lot, mostly as a friction "polish" and often on eastern red cedar - I like the soft sheen. On small diameter work I hold a chunk of beeswax against the spinning work then melt it with the friction of a small square of cloth. If the object is large or irregular and doesn't allow this I've used a heat gun to warm the surface and melt the wax directly into the wood. The melted wax soaks deeply into cedar wood. I'll try the wax/oil formula.
Concerning the Powermatic on/off switch: this appears to be similar or identical to the switch on my Jet 1642. In some cases it may be possible to repair rather than replace a malfunctioning switch. About 10 years ago my switch failed and I was able to repair it. On disassembly I found that enough very fine dust had gotten inside to prevent the proper mechanical operation of the switch. After cleaning and reassembly I sealed the outside of back of the switch with a big piece of heat shrink and some silicone caulk. This switch has worked perfectly since.
Caution: don't take the switch apart while standing at the lathe. Inside are some tiny ball bearings which will probably fall out to be lost in the carpet of shavings on the floor!
I second David's comment. I find your site quite helpful, and often times if you don't have the exact answer I need, it gets me going in the right direction.