I would have thought that if the intention was to screwcut, then the chuck would be rotated at a low speed.
Possibly using a Mandrel Handle, certainly using Back Gear. irrespective of how the Leadscrew is driven.
Trying to withdraw the tool when the chuck is rotating fast calls or very good reactions.
The question suggests a wish to screwcut a very fine thread (Irrespective of whether Changewheels, Norton box or ELS is used. )
How fine a thread do you wish to cut?
By purely mechanical means, my lathe will cut 112 tpi, but working up to a shoulder, or down a blind hole, I would most certainly use a Mandrel handle, or, at apinch, under power using back gear and minmum belt speed.
Cutting screw threads at speed, under power is the realm of the old Cri Dans, or CNC control, or spindle speed and traverse.
Howard