Aways thought the business of setting the top-slide at half thread angle as normal procedure was a wind up on the same level as sending new apprentices to the stores for a tin of elbow grease. What sane person would voluntarily get involved in all the trigonometry needed to recalculate thread depths. I do, however, get the impression it might be popular in America. Which could explain a lot.
Putting the top-slide parallel to the bed and tweaking every so often to clean up the sides appears to add difficulty for no sensible return. Accurate job needs the top-slide set dead parallel. A pain in itself. Need to keep track of the top-slide tweaks as well as the infeeds to get the thread depth and root radius right. So twice the work on things its easy to mis-step on. For me that technique is strictly reserved for when I want an acme or square thread cut dead on for minimal backlash. I know exactly where Duncan is coming from but its a method that has never felt right to me for normal threading.
Doesn't help that on many small lathes you can't leave the top-slide parallel to the bed for all normal work because it tends to argue with the tailstock unless tool stick-out is way too big. Life is to short to keep swinging the topslide around.
Why do folk have to make stuff so difficult!
Easy way was taught to me as the zero-to-zero (often zero-2-zero in online postings) which takes all the tricky bits out. Geo. H. Thomas described it as being the technique preferred by one of his best lathe operators.
It is an angular infeed method but the top-slide can be at any sensible angle a bit under half the thread angle. The lathe does all the trick trigonometry calculations for you.
My top-slides live at 25° off angle which suits both 55° and 60° threads and keeps them nicely out of the way of both tailstock casting and saddle controls. Important considerations with the S&B 1024 which has a properly man sized top-slide that wouldn't be out of place on a lathe of twice the swing and a hefty tailstock too. I frequently go months between changing topslide angle.
Basic zero-to-zero method as described for an external thread, starts with preparing the blank to size and set the tool tip perpendicular in the usual way. Its best to cut a relief groove at the end of the thread.
Then bring the tool tip up to touch the work and set both cross-slide and top-slide dials to zero.
Pull the top-slide back a touch so the tip doesn't scrape the work and move the saddle to bring it into clear air.
Feed the cross slide forward from zero by the desired thread depth and re-set the dial to zero at the new position.
Pull the top-slide back to gain clearance then move in enough for the first cut. I just shift along and touch the stationary job to find top-slide reading that corresponds to zero cut and go from there.
Threading passes are made with the cross-slide dial reading zero. Pull back half a turn, or whatever seems comfortable, for the return then move back to zero for the next pass.
Feed goes on the top-slide.
When you have worked out the spring with both dials on zero you have cut the thread you set-up.
Assuming adequately accurate feedscrews, if your tool tip is to book radius and your infeed is to book it will fit first time.
Generally hand ground tools come out too pointed so you will need to feed in a touch more. Cross-slide or top-slide, you choose, both work and both let you keep track of the little extra being added on. I stick with the top-slide because I use "finish on zero" a lot when setting up general cuts (no DRO in the lathes). Once you have the first part size right re-set the dials to get zero where it ought to be and any repeats will be on size.
Faster to do than to explain. All the set-up is done first using book figures so no mental maths or thinking wasted keeping track of where you are so you can concentrate on how the cut is going and material is behaving.
Internal threads need a bit more attention but the method works just fine.
Clive