Phil, you don't say what the OD is of the component ? I have a super 7 among other machines and it would take such an operation in its stride, no problem at all, no support needed and I never use or have a rear tool post.
Assuming an OD of something over 1inch I would suggest a speed of 350 to 400 rpm a correctly ground HSS parting tool and don't be frightened of feeding it into the work but don't allow it to dwell at the bottom of the cut—feed in and back of then repeat with plenty of cutting oil.
Works for me ! John
PS this is assuming your lathe is in good nick and adjusted correctly.
Edited By JohnF on 13/04/2017 20:55:11