Reading this and other threads, as well as (who was it)'s excellent thread about the gear box technique (also written up in HSM or MW), I've been wondering if there weren't a simpler method of achieving a quick stop when threading. After having installed a 3 phase motor and VFD with braking resistor on my 12x24 lathe, I've been impressed by how quickly it can come to a stop. I have the stop time set to ½ second, and could probably go even lower. Couple this with a measurement I did quite a number of years ago, indicating that a microswitch's operating point is reproducible within about .001" to .002", I offer the following "wild hair" for your consideration:
Attach a microswitch to something like a feed stop bracket, that can be positioned along the ways and locked in place. Wire the microswitch into the VFD controls, so that it activates the stop. With the lathe off, run the carriage to where the threading tool is in the relief groove. Position the microswitch to activate at this point. Now back off the cross slide, run the carriage to the start point of the thread, advance the cross and/or compound as required, and start hit the start button on the VFD.
If my wild hair is valid, the lathe will make a threading cut and stop when the tool is in the groove. Then back off the cross, reposition the carriage, reset the tool, and repeat the process.
Consider this a target on the wall. You're all invited to start throwing darts at it! I really don't want to try this unless it passes the smell test.