I had an ML7 for years fitted with the basic type lever attachment and never found the need to ever change back to the screw feed. I didn't find it any harder to judge the pre load on a dead centre with the lever than with a screw, I have managed to get it wrong using either system! I always found the ML7 handwheel with two handlesand the thread of the tailstock barrel sticking out to be very knuckle grazing and awkward, which is the original reason for fitting it, The S7 tailstock handwheel seemed a definite improvement.
My 254 has the rack feed still sold by Myford ( fits 254 and S7) and I use that for everything, I have the very small chuck on a spindle sensitive drilling attachment sold by ARC, just drilled some lubricator jets No 78 with no problems, and I'm a bit ham fisted. When I was working I made an attachment similar to the one shown by Hopper above 3mt to fit our works lathes, worked so well someone pinched it!
Both of the Myford ones had stops, the ML7 a rod and the 254/S7 one has a collar, very useful for repetition jobs.
Dave
Edited By Dave Wootton on 09/03/2022 11:46:03