Have a sacrificial part on the end of the leadscrew, so you can do all the cutting work at the chuck end.
Use a fixed steady, as above, but jam the leadscrew into a bearing, and fit the bearing inside the fixed steady, held by the fingers, this lets the long bit spin freely in the fixed steady while you work
I used old bearing, from a car garage scrap bin.
Its fiddly, but works if you can do it
Don't run it up to 2000 rpm btw, a few hundred or less max IMO
Edited By Ady1 on 01/02/2016 22:21:30