Thanks all.
Jason – yes, I'm thinking ahead to the flywheel grooves, and the grooves/rings in the eccentric components, as well as any number of other features where small steps or undercuts are needed.
Bearing in mind the question is specifically about the ML7:
Saddle leadscrew handwheel:
a) It's at the other end of the lathe to where I'm working, and very awkward to use for fine work. The scale isn't great either.
b) It needs disconnecting from the feed gearbox every time.
I don't see how that can be better than an accurately set top slide.
Saddle stop:
The ML7 doesn't have one. I have made one, but it's a simple device that requires measured shims to give accurate dimensions.
Again, I don't see how that can be better than an accurately set top slide, although it's worked fine for steps in longer jobs such as the crankshaft.
Clash with the tailstock:
I don't need the tailstock for any of the work I want to do, so a non-issue.
Dials:
I have already replaced the cast dials with re-settable items, so again it's a non-issue.