When I was desperately searching for a nice lathe at a reasonable price I came across a Craig'sList add for a local seller with a Warner & Swasey No. 4 turret lathe for $850. Seller spent over an hour trying to tell me that you could single point thread on it. I didn't buy it and am glad I continued my search. Your lathe is good for a lot of things, threading isn't one of them. Great machine to have but for general use you may want to shop around for a "standard" lathe. 2 lathes are better than just 1
Just for fun here is a photo of the W & S #4 that I passed on.
Just for fun here is a photo of the W & S #4 that I passed on.