Depending on your locale in CT, I am in Dutchess County NY, about an hour from Canaan area, same from Danbury.
Would be happy to talk and if in area, subject to my availability, happy to do a short hands on.
From the picture, the press looks in very good condition. I would suggest some minor dis-assembly (Same as swapping a head for a different caliber) and a good wipe down with a soft cloth and quality lubricant to remove trace rust.
As far as lubrication, you will get a lot of varied answers. I use a little graphite based lube to prevent friction, but do not over-do-it, and I do not recommend grease based lubricants to prevent buildup.
You should be able to get a lot of answers to questions, from the many posts on this site, as well as on the home page portion.
NYKenn