Screw in brush holders are also a pretty good indication it's a universal ac/dc motor, things that don't have them *may* work on dc, but may not, and if they don't they burn up ;P
plain light bulbs also work, as do any heating type things as long as they don't use too much power, and don't have electronic controlls, for example old soldering irons work just fine...
As Phil says, the power is limited, big angle grinders are often somewhat unhappy as are some 1/2 drills....
Also, just as an aside, many old universal motor tools are also metal cased tools, and you don't have a ground on a welding machine unless you provide one, so be extra carefull...