Looks interesting retract could do with a damper though. Worth looking into.
Or perhaps just limit the travel of the tool to retract only say 5mm instead of 20 or so. (Unless cutting up to a larger shoulder!) Not such a clunk at the end that way.
One big advantage of this unit would be you can screwcut at 500 or even 1000 RPM and not have to worry about being quick enough to manually retract the tool at the end of the cut. Saves a lot of time on longer threads and tooling cuts steel much better at those kinds of speeds. (Provided your lathe is solid enough to handle it.)