I won't be doing anything but making practice parts from plastic until I get the form 1 back. I need the time to practice on the lathe anyway, but I knew about the prohibition from starting before I ever posted my question.
Unenforceable laws are still laws. It's just up to us to decide to obey them. Kind of like filing for a building permit before cutting in a new outlet or replacing the stairs in your house....
Craftsman apparently made metal lathes from the 30's up until the late 70's or so (I didn't know about it either until I got this one). They're knock off's of the Atlas bench top models. Mine's a a pre WWII model, but it still works fine and I couldn't beat the price.