Okay, I get about the best finish with stainless and alloy steel on the lathe with oil. The 14x40 (and the turret lathe) has a coolant pump, but a single drop of oil goes much further without soaking me down.
There are oil drippers available, but they are either pretty crummy like the one I lost a decade or more ago that came with my Harbor Freight drill press, or they are very incomplete for the application.
I think one of the issues with the cheap ones is they don't have a hole in the bottom (top) to let air in. It makes it very hard to get a nice controlled drip.
For lathe work my thought is it needs to be on an articulating arm that can be mounted to the back splash or on a mag base. It needs to be able to be visually checked for volume. It needs a valve at both ends. One to control inflow of air, and one to be able to adjust to as slow as one drip every 3-5 seconds.
I don't know where I am going with this, but aerosolizing cutting oil is not the answer I want. I just want a nice slow drip of oil. I'm actually thinking two valves at the bottom. A ball valve to turn it on and off, and a needle valve to control flow when its on. So it can be adjusted and left adjusted.
Varying head pressure might be an issue. I guess it would need to be kept pretty full. Hence its volume needs to be easily checked at a glance.
I'm about decided I'll have to make one, but I'm open to being surprised with an economical and elegant solution.