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I wrote further discussion but I lost it when I tried to post links and images while I had privacy software turned on (the upload feature window freezes when those are on) and I couldn't get rid of the upload window to get back to the message I had written. I had to back-space and lost it all. No time to re-write that now.
Read the text and see the 3 photos at the following web page (URL) to see the machine in action. That post and photos are by Erik Barrett, posted at the Model T Ford Forum. The photos show the line boring of main bearing journals in a 1925 Stutz engine block with 9 bearing Journals. (Explained in the text). They could only bore 2 journals at a time on this engine block. Also read the entire topic for additional information.
Here is the third photo, a close-up which hopefully you can enlarge:
I can't tell you anything more about the machine itself.
The long boring bar is obviously missing in your photo- it's probably around that shop somewhere with the other parts. If I were you, I would be searching and combing that shop for every part that goes with it, just to have it all.
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