Hi Steve Jones,
As you now know, engaging Back gear, slows the speed of the spindle, by a factor of 5 or 6, but you must disengage the drive to the main gear (called the Bull Wheel) or it jams up, because you have two gears, with different ratios engaged at the same time..One is trying to drive the spindle fast, whilst the other is trying drive it slow. It can't do both, so it jams sold.
The geras are spur vgears, (NO synchromesh on machine tools! ) so everything must be stationary when engaging / dis engaging gears, to prevent damage. It may be necessary to pull the chuck round by hand for the gears to mesh and engage properly.
I would suggest getting some books to read, to help you.
Ian Bradley's "The Amateur's Workshop" is a general book that covers things other than lathework, so is useful..
L H Sparey's "The Amateur's Lathe" deals with lathes. The illustrations show Myford ML7, but the principles are exactly the same.for any lathe.
Tubal Cain's "Model Engineer's Handbook" is veryb useful reference book for all sorts of aspects of model engineering, so well worth having.
Harold Hall has written a book on lathework, and past issues of M E W contained m course on lathework, written by Neil Wyatt. Well worth finding and reading.
If the threads that you want to cut are small (less than 10 or 12 mm or 1/2" ) I would suggest using Taps and Dies.
These will nee d to be lubricated during use (Trefolex, or Rocol RTD are the ones often used ) turning the tool back every 1/2 turn or so to break the swarf.
If you want to cut Metric threads, (especially fine ones ) your easiest way, probably is to look at Tracy Tools who supply Taps and Dies for coarse and fine Metric threads in various sizes, and pitches.
Since you mentioned 0.7 (looks like a 4 mm diameter thread ) presumably you have a set of Metric thread gauges, to enable you check the pitch of the original thread?
At the risk of insulting you, there are a variety of threads used, Whitworth, BSF, BSP, BA, Unified Coarse and Fine, as well as Metric Coarse and Fine – a variety of non coarse pitches are available in some sizes )
The thread forms are not the same! Whit form threads, BSW, BSF, BSP, BS Brass, Model Engineer threads are 55 degrees; BA (often used on older electrical items ) are 47.5 degrees. Unified and Metric are 60 degrees, but are NOT interchangeable, differing in diameter and pitch.
This where Zeus Charts, and Tubal Cain's book come in handy!
Also, there are sizes and pitches which are specials,. The thread on your Boxford spindle is one of them, as is the 1.125 x 12 tpi thread on the Myford ML7 lathe, or the 2.250 x 8 tpi on mine. The thread pitch (and therefore depth) are not the "Standard" for that diameter. The Myford ML1, 2, 3, and 4 started out using 7/8 BSW (7/8 x 9 tpi) but moved to 7/8 x 12 tpi as another example of a "special"
HTH
Howard