G'day Mark – when I purchased my (metric) C3 minilathe, a spare (imperial) leadscrew was also purchased. It came with the appropriate thread chaser dial, a thread cutting chart and a set of headstock gears. (<$120 Au)
It's quite easy to change the leadscrew if required for single-point threading, but for 99% of work I just leave it in metric mode (or whatever the last mode was – with a fridge magnet pointer on the appropriate threading chart).
The last time I used the imperial set-up was to cut a 40TPI thread for a Cox 0.049 model engine cylinder.
It's handy to have, but for most jobs not involving threading it does not really matter and a tailstock die holder can simplify small threading projects. As Neil said, it all depends what units you wish to work with.
* Danny M *