Thinking about mounting diamond laps yes you can use your lathe but I just don't like the idea for reasons of accessibility and possible ingress of debris.
having said that a machine such as the Accu-Finish is expensive so for my limited use I am now minded to build a cheapish stand alone sharpener. I will investigate whether it is best to use say a converted electric drill already with a chuck or an electric motor that I can adapt. Any ideas on this front always welcome.
Chris