Only screwing on 3/4 of a turn could be caused by one or more of several factors.
First I would establish what thread the original was. If you know the OD and aproximate pitch then by looking in some thread charts you can establish if its metric or imperial, Whitworth, UNF or whatever. If you have cut a close fitting thread but the pitch is only slightly out then it wont screw on very far.
Using a micrometer and two wires that is a diameter which sits on the flank of the threads, compare the original with the one you made to see if there is any clearance at all.
From a practical point of view, if this part is only for a lever that is going be fixed permanently in place then go with what you have got and get BRUTAL! Use vice grips to install it and you wont need any threadlocking compound.
Ian P
Edited to correct poor spelling
Edited By Ian Phillips on 12/03/2012 21:04:35