This begs the question of ‘why the ball at the end?
I did wonder about that myself, and haven’t managed to find a good answer, but my own thoughts.
Appearance
Protection of the end of the thread, to avoid damage to itself, or the sharp thread crest scoring a workpiece.
Easy alignment of the wingnut to avoid cross threading,
It’s something I’ve only noticed on quite old items.
The various photos I’ve seen of old pin vices such as this, often seem to have some sort of bulge at the end of the octagonal handle. My much later Eclipse 110 in contrast, has a groove and short taper.
Edit; just spotted Jason was replying at the same time as me.
The ball I was referring to, is the one on the tightening bolt.
Bill