That kind of looks like the one I had only newer, Mine was a cast iron base, stand, BTW a 6 in jointer I have still is a old Beaver with cast base and a huge old motor.
Re the sander , I would buy about 60, 80 120 and a fine I did have a 600, but that was just used for gun work, these are set up usually for wood and run too fast for iron, will work, but heats the belts, but don't use much pressure and will work, and let it cool when hot
Check it for flat, and rig up a in and out feed table to keep the manifold flat.
Paint the high spots , ends as a rule with die or black marker so you can see what to take off.