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Number 5 turret lathe beginner repair questions

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We have I believe to be a Warner Swasey 5 turret lathe. I have a couple beginner questions regarding this lathe as I’d like to fix it up a bit.
-It has a decent amount of a leak coming from the gearbox cover? I’d like to take the cover off, RTV it and slap it back on but I’m afraid of doing that without properly knowing what would be involved.
-The cross slide gets hard to turn when close to the spindle (Z). In X it is quite a bit loose, I’m assuming a ton of backlash. I don’t know how or if...

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