Even though the color coded gears and the cheat sheets make it easier to set up for threading, I find it slightly annoying to have to change gears around for general turning. I have 3 lathes with quick change gear boxes, so I might be a bit biased. To get around that monkey motion, the best idea that I've seen in many moons was to power the lead screw with an electric motor. I found enough info here and other places on the net to proceed.
I did give this some fore thought however when I had the machine down to basics. While the lead screw was out of the machine, I drilled and reamed a 1/2" hole in the tail end of the screw, and added a 1/8" crosscut for a way to drive it. The screw was retained by two flat bottom plugs for end play. I removed the plugs and made a threaded bushing that would retain the end play and allow a 1/2" drive rod to protrude out to a motor drive. The 1/2" shaft fits into the screw about 1", and is driven with a 1/8" pin in the crosscut. The crosscut is about .135" deep, so the drive pin is slightly below flush and the bushing controls the end play of the screw with a jamb nut. On the other side of the jamb nut is more threads and a nut to locate a motor mount.
The mount was made to be dis-engaged when using the spindle powered drive train, so the motor and gear simply swing away from the screw gear.
Basically I used a wiper motor like everyone else had success with, that was rated at 50 rpm on the hi side and 35 rpm on the low. I originally made the gearing 1:1, and it proved to be too slow, so I went with 2:1, with a little concern about torque loss. I actually checked the rpm with a tach and it was 42 rpm on the hi side and 34 on the low. At first I wired it for 2 speed operation and it made absolutely no sense to have 2 speeds when you have a pot to adjust current. So I eliminated a switch and just wired up the hi speed side. For the speed control we used pwm and crammed that and the power supply into a control box that I had left over from an old Bridgeport. I had to made a new cover to accommodate the switches tastefully.
The power supply is wired through the drum switch so the screw has no power if the spindle is not running. As a safety feature, so the electric powered screw is not conflicting with the spindle powering the screw at the same time, a push button momentary switch was installed below the banjo. The banjo must be swung down, dis-engaging the gear train, then activating the switch.
By doing this, the only way to get power to the screw is obvious.
In the same circuit, there is also a limit switch. This switch can be set to stop the screw, thus stopping the carriage at any point. It can also be operated by hand, which is handy when the feed clutch is a star knob. I find feed levers more natural and responsive than a knob. So you can depress the button at the end of a cut, and then release the feed clutch knob without the worries of bad timing.
As I mentioned before, I had some reservations about loss of torque by going 2:1 on the driver motor, so I figured the best way to find out is to turn something. I found an old stainless rifle barrel and chucked it up. I set the spindle speed in 3rd gear (715 rpm) and was using a ccmt insert, took a .015" doc and flipped the switch. I turned it up to full throttle and watched nice little chips fly off with no effort. Then I decided to go from feed, to using the half nut, which is the feed rate x 2.77.
I noticed a small slow down, (at least it sounded that way) but still with the throttle up, it was throwing chips faster than I could get away from them! From my best guess, it was about .025" per rev. Needless to say...I was impressed. Now that I know it works well, I dressed it up with a gear cover.