I see. I know they appear under different guises, one for example badged as Leak. Apart from obviously worn ones are there any forms to avoid, for example where it has been mounted in a poor plinth at the factory?
What sort of cartridge would be suitable?
If you want to get the most out of one of these, it doesn't really matter what shape the plinth is in; you'll want to replace the plinth, anyway. Probably the single biggest improvement you can get from these TTs (after correcting any actual problems from abuse or age) is to transplant them into a big, massive, vibration-sinking plinth.
The bearings are very durable, and rarely have any issues. It probably helps that the Lenco design has the idler wheel pushing UP against the bottom of the platter, not sideways against the rim; this reduces potential strain and wear on the bearing.
Check the idler wheel. Lenco issued several different types (you can find pics of them online): some were metal, and some were plastic. The metal ones can have two or three or five holes in them. The 5-hole metal ones are considered the MOST desirable. All the metal ones had rubber outer portions that tend to have held up well; you might check them, though, to make sure they still are okay. The plastic ones mostly had some kind of nylon or other material, which tends to have deteriorated by now, and sometimes the plastic wheel itself may have warped. If you get a plastic type, you might figure on replacing it. Metal ones usually just need a little cleaning up, to work fine.
The tapered spindle on them can show signs of rust, if they are kept in a humid or corrosive (seaside or polluted air) environment. If there is rust on yours, that isn't critical; you can sand/polish it off with the motor running, but of course, if you need to take off too much material you may end up having to fudge the idler-wheel position to get exact/correct speed. you also should be careful to keep the spindle round and with a linear taper (where it was originally linearly tapered). The nice thing is that the wheel is "infinitely" adjustable, so this isn't a big issue.
Check that the motor turns. If you are really going to get the most out of these, you'll want to strip it down, clean, oil and adjust it, but this isn't a job for the non-mechanical novice, unless you're willing to be careful and patient. If you're just looking for a TT to play as-is, you might get away with a drop or two of fresh oil without disassembly, as long as the motor runs smoothly and quietly when you get it. Don't be afraid of a motor that "hums" or vibrates noticeably, though, if you are willing to disassemble and re-build it. These motors put out so much torque that if they aren't in perfect shape, there will be some vibration; that's what the rebuild and the massive plinth are for -- and it's that kind of torque that you want, to get that great sound!
Check the color of the tape on the motor: US/60 Hz models, I think, should have green tape. Red or yellow tape was used on the 50 Hz models sold in overseas 220V/50 Hz countries. Voltage adjustment isn't a problem, but Hz correction is. You can always just "fudge" the speed to the correct speed by sliding the speed control a bit, but that might not be so much fun if you change speeds a lot, because the pre-set positions won't be accurate, or you might be able to create a power supply that would correspondingly slow the motor speed, but the best thing to do is just get one that is appropriate for the location you are in.
These are relatively simple designs (especially compared to some of the idler-wheel changers!), extremely well-made, and highly tweak-able -- not so hard to work on, and extremely rewarding sonically , of the time you put in.
If you want to keep one stock but still improve it, consider "filling in" the inside of the plinth with a CLD (laminated plywood) core, leaving only modest space around the mechanism, and leaving the outer frame of the plinth for appearance. Make sure the top plate is bolted securely to this inner "core"; don't use the bouncy springs that the Lencos originally came mounted on (but leave the springy motor supports!). This won't have quite the effect of a really massive plinth, but it will still improve the sound noticeably.
I just picked up two more of these L-75s this week (posted about separately), the cleanest and newest ones I've ever found. I plugged one in today, and had to double-check that the electrical switch was on; the motor ran so smoothly and quietly that I couldn't tell at first that it was on, even with my finger on the top plate! That's what a good-condition Lenco motor will do.