Well, I have now done what i’m afraid many here seem to consider the unachievable, or perhaps plain stupid.
I’ve more than successfully turned material accurately in my mill.
I made a toolholder from a piece of (scrap) 3″ long 2″ dia EN1A bar which i:
1. milled square,
2 milled out a 12mm square slot about one quarter way down and along one side,
3. fitted 4 M5 socket head cap screws (to hold the tool),
4. relieved the edge above the tool by 10 thou to allow for the torsion opening the slot slightly when the tool bit is clamped (and thus pushing it out of square), so making sure the tool holder was clamped only by the absolutely parallel material below the tool.
Clamped 8mm carbide tool into the tool holder, obviously on its ‘side’, and then tool holder in mill vice.
Used laser finder to set tool cutting point to the centre. Locked y axis.
Held the workpiece in a appropriately-sized collet.
Turned away… Perfectly satisfactory on both z-axis (along the workpiece) and x-axis (across the dia) cuts.
So, am i missing something? Yes yes i am sure that parting off might be more troublesome, and knurling will be impossible (maybe…), but i have acheived what i set out to do – use a very high quality mill to turn the occasional smallish item.