Any lathe can cut metric threads. It simply easier on some depending how the machine is set up and what effort you are prepared to go to.
If the machine has an imperial lead screw, then you would need the conversion gear (a few options here, the most common is the 127T). Form there you just need to sort out the change gears - Sheldon may provide a chart, or cruise the Internet, or do the math yourself. You could also convert to an electronic lead screw (see posts else where on HM).
It is even "possible" to generate threads with out a lead screw: taps, dies, copy systems, . . .
You should be aware that just because there is a lever for "metric" threading on a lathe with an imperial lead screw, does not mean you can cut all common metric threads. I have an imperial lead screw and the metric threading option, but it won't do the 1.75mm pitch which is 12mm coarse. To get that I have to change end gears - which I don't have the alternate set.
The point here is that no lathe is perfect, eventually you just have to get on with what you want.