Stuart,
Re threading, from experience I would suggest you do the following, obviously select the correct gears for the TPI, set your chuck speed to the minimum rpm of 200 and when you place your metal in the chuck give your self plenty of space between the end of the thread and the chuck because your going to do three things very quickly 1. stop the lathe 2. wind the crosslide back away from the job, remembering how many turns you wound the crossslide back and 3. put the lathe in reverse and send the saddle back to the beginning remembering not to disengage the saddle feed.
Betwwen 1 and 2 you will be amazed how far your tool will travel towards the chuck whilst coming to a stop.
I have gone down the VFD route because 200 rpm is to quick, I've not fitted it yet but its fairly straight forward.
Martin P