I replaced the tool post stud on my 1949 ML7 way back in 1986 with a new one from Myford, purely to accompany a new Single tool holder clamp set. The original one is clean (BSF) threaded.
I presume the threads on yours are a bit chewed now?,
So IF you wish to go down the 'back to original' path and use the proper nut, drop me a PM. The old one is used as a 'Keeper' for the Single parts set as a whole for storage, but I'm sure I can find an alternative.