I’m not a lover of running Coventry die heads off the tailstock quill. Its hard to get a nice constant feed and, if the die doesn’t want start cleanly there is a risk of it twisting out of the taper.
I run mine from a tool post mount. Its easy to keep a nice constant feed using the longitudinal feed hand wheel whilst watching the die head bob back and forth on its positioning spring. A bed stop reliably sets the threading length. The pull forward distance to release the die once feeding has stopped is very repeatable.


My carrier was a simple weld up job. Fix a tube to bar to fit the QC post, weld bolting stubs on the side drilled to clamp bolt threading size, split the tube, tap the bottom parts of the stubs, drill the top plan generous clearance and clean up the bore in site with a between centres bar. Job done. I made an MT taper setting stub to fit the bore for rapid alignment using the stub in the tailstock.
If you don’t have a QC system a suitably bored block with similar clamping arrangements will work just fine.
Concerning clutches a simple spring loaded jockey pulley type works fine on smaller lathes such as the ML7. Simples way is to “obtain” a car auxiliary drive belt tensioner discarded after servicing “to the book” once the nominal service life mileage has been reached. Many makes use a complete assembly on a backplate so re-purposing is easy. Just a matter of arranging a suitable bracket and connecting a control lever. The spring will be too strong so a stop will be needed to regulate the pressure.
Clive.