Noting that the Myford ML10 isn’t famous for producing poor finish as a result of an inadequate set of change gears, I suggest there’s a simpler answer – technique!
My favourite lathe book is Sparey’s “The Amateur’s Lathe”. Chapter 6 contains many wise words on lathe tools, including this diagram showing how to get a good finish by setting a sharp knife tool up with a rubbing action:
If the knife point is presented conventionally at 90° to the work, it cuts rapidly, which is ideal for roughing out, but may leave a poor finish such as a faint spiral in an obviously torn surface. Sparey’s answer is to present the knife to the job obliquely on the final pass so the knife rubs as much as it cuts. Finish is improved by setting the cutter to have a pronounced burnishing action. Rubbing tends to flatten the spiral peak into the spiral valley whilst also polishing over tears and smudges. Job done!
Poor choice of steel may be an issue. Ordinary mild-steel is popular because it’s cheap and readily available. Unfortunately it’s intended for structural work and doesn’t machine particularly well. As ordinary mild-steel often tears and smears rather than cut cleanly, it’s better to cough up for a free-cutting steel like EN1a-Pb whenever a good finish is needed.
Same principle applies with carbide – not their intended purpose, but a gently applied large radius blunt insert tends to burnish whilst cutting.
Try it and see. Though ML10’s fine feed is a little coarse, I don’t believe Myford got the design so wrong that it’s necessary to buy new gears, or to fit an ELS.
Dave