I have a handwheel not a crank so it no problem with power reverse.?
I have cut many threads this way.?
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The problem with cutting threads of a system different from the lead screw is that the gears can't be disengaged & re-engaged in the same position. You have to keep them engaged the whole time and retract the tool when returning the carriage for another cutting pass. With a hand crank for more low speed torque, a power return can be a little exciting ;-)
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Roy