The Loughborough is a training lathe, so has no Leadscrew or geartrain facility.
Absolutely basic.
So no power feeds or screwcutting, but a good machine if you can live with manual feeds.
Surprised that it is not possible to set up a gear train on the Little John to cut a 6 tpi thread, even without a gearbox..
You just need to set up a train that runs the 8 tpi Leadscrew at 8/6 of the Chuck speed, So if you have a 40T as a driver, the gear on the Leadscrew needs to be 30T, with any gear as an Idler to fill the gap..
Having no T I D is no problem
Keep the Half Nuts engaged, withdraw the tool and return the saddle to beyond the start of cut, so that having reset the tool, with the backlash taken out you take the next cut.
My only criticism of my friend's 5 inch was that the Top Slide replaced the 4 way Toolpost, but you could not have both at the same time.
Solution?
Make a low height 4 way Toolpost to mount on the Top Slide! BINGO!
Otherwise, I think that the Raglans are splendid lathes.
Howard