I am somewhat of an authority on this as I have one very similar to this.
Chris mentioned a 3/4-10 thread on the spindle,and the tailstock will be the same.
Maybe some are,but for your sake I hope it's 3/4-16,because Chris' 3 jaw will fit it without modification. Otherwise,as Chris mentioned you'll need an adapter.
You can take the tool rests off,you won't need them.
In my case,because the lathe was Chinese the spindle/tailstock bolt is 18mm-2.5. I had to have 2 35.00 adapters made to be able to modify my machine.
At that point,I had to add the Hightower/Taig chuck,which was 100.00 at the time,and put a 25.00 Jacobs chuck on the tailstock because the adapter I had made for that end had a 1/2-20 thread,which fit the Jacobs perfect.
As Ryan mentioned,it only spins in forward rotation,meaning that to spin it in reverse for doing linen wraps,you'll have to add a sewing machine motor,and create your own mount.
The hardware it took to make mine usable for cue work cost me more than the lathe itself did.
However,for shaft cleaning,it gets the job done,but it took a while for it to pay for itself. It's also heavy and kind of a pain to take to tournaments.
I still do it though,Tommy D.