You can. You just can't rely on the mechanical thread dial to get you there. The threading dial "repeats" expecting the period to be 1 inch (or some imperial number). If you open the half-nut, shift the carriage 1", and close the half-nut again, you will pick up any thread that is integer number of TPI. So the thread dial only indicates fractions of an inch. (This may be adjust by some multiple of inches). On a metric thread, shifting the carriage by 1" doesn't get you to a multiple of the thread turns. If you get close to the original position, the thread dial will still lock you into the right turn.
Yes, that is my basis for Zexpected. You can't do it by using the same position on the mechanical thread dial, across multiple turns of the thread dial, for metric, (unless you count those multiple turns and go back to zero on the count).