………… and I'm still going for it being an 'Oilite'-type material which has, as I think I implied/said, the torque transmitting ability of something approaching cast cheese. It's not designed to transmit torque, just soak up a lubricant and then act as a bearing surface.
If Chris is cutting a 16mm thread – and especially if 'going for it' – I'd suggest he's applying quite a lot of torque to the drive to the saddle, especially on a smaller lathe. It's revealed a design expedient (read fault/fudge/cost saving exercise).
The conversion to a suitable shear pin sounds a better bet – but chosen with care. I'd suggest a drill shank might not be appropriate – as in too high a shear rating for the job.
All the above assumes there is no other hidden damage which is causing a lot of 'drag' on the layshaft/feedscrew/saddle side of things.
Will
ps I'm avoiding a discussion of my mention of Mazak. I think that bit is for another time/part of the Forum. Don't need another red herring.