The Myford Rotary Table, looks to be a rebadged Vertex HV6 . In which case it will have a 4 inch centre height, and will require a raising block to raise it to the centre height of the 254.,Nominally 3/4" by the sound of it.
But, is the 4 3/4" the centre height over the Bed or the Cross Slide?
Presumably, you are thinking in terms of mounting a gear cutter on an arbor, either in a chuck, or on a Morse taper, so that the Cross Slide sets Depth of Cut, and the Saddle is moved along the bed to provide the feed, while the Dividing Head / Rotary Table takes care of the dividing?
Mounting the DH or RT on the Saddle may bring the centre height above that of the Lathe, unless the raising block can be attached to the Cross Slide by some means, whilst resting on the lathe bed.
Howard
Edited By Howard Lewis on 05/03/2021 17:14:28