You certainly do not want to load the machine by cutting metal whilst running in reverse. That is asking to unscrew the chuck, and damage to machine, and possibly you, that will result.
(My lathe looks like a newer version of Ian S C s, and has restraints for the screw on chuck)
Parting off using a back toolpost is better than using the front toolpost. The parting tool is mounted upside down, and the lathe is run in the normal forward direction. Capstan lathes, used in industry, nearly always had the parting tool, or form tools, mounted on a back toolpost. On my lathe, the back toolpost carries the parting tool and tools to front or back chamfer the work.
Running a lathe with a screw fit chuck (without restraints) is likely to be done only when running the screwcutting tool away from the chuck, to avoid disengaging the half nuts.
Howard
Edited By Howard Lewis on 03/03/2016 17:47:53