I have such a milling set up available Michael but (at least on my lathe) I'd have to keep moving between the milling spindle and the top slide & parting combo – I can't have both mounted at the same time there isn't room. It does give a very accurate result because everything becomes a "first" operation, as the work doesn't leave the chuck but it's not convenient for multiple units with my arrangement.
Doing them two at a time as suggested would probably help with the overall time spent but not the total material used, as the 'bit' in the middle – required to hold the two 'ends' – is effectively wasted.
For myself, time is not an over-riding concern but I sometimes only have a limited amount of material. Sliding the work out of a 3J, moving it to the collet block wouldn't take me that long and everything is ready to go every time.
If a vice stop was fitted, the collet block could be set and rotated pretty quickly and some kind of stop on the lathe cross-slide would allow the part-off length to be set too, as the saddle could be locked.
It's often not the actual machining that takes the time in my experience but setting up the machine to do it in the first place.
IanT
Edited By IanT on 23/07/2015 23:30:24