Yep, looks just like mine used to:}) Has been a pretty good work horse for several years for me. One thing that might help is to extend the slot towards the front for the Y axis. This gave me an bit more travel in that area. I can now get a good 7" and sometimes use it all. Another thing was to help in setup was to make a power lift for the head. (Hint if you have the power feed as shown, do a search on google as I have seen others who have made use of that). You can also reduce the backlash in the downfeed by loosing the two bolts on teh housing and tapping the housing closer to the column. Helped out my machine quite a bit.
I think your choice of the gecko will be a good one. I can't really help you there as my machine has servos.
Art
AKA Country Bubba (Older Than Dirt)