The Smart & Brown model A that I use is imperial, with a 6tpi leadscrew. Since getting a 125/127 mod1 gear on ebay and buying a number of mod1 gears to modify to fit the lathe, it can now produce metric threads from 0.75 to 3 pitch, which covers everything I would want to do at present.
Having made a new leadscrew nut, the lathe now has close to zero backlash between the leadscrew and saddle. That is fine, but there is still some lost motion between the spindle and the leadscrew. This means that I would not dare to keep the nut engaged and simply reverse the motor at the end of every cut.
I disengage the nut every time, the same as with imperial threads.
Impossible, it cannot be done, I hear you scream, hogwash, I say in reply.
A stop for the right hand side of the saddle is required if threading towards the chuck, or the left end if threading away. Set the stop a few thread pitches away from the start of the thread and back the saddle up to it at each pass. Choose a number on the threading dial and use it each time. The spindle and tool tip will synchronise every time.
I recommend using the same number on the threading dial every time as different makes of lathe have different numbers on their dials. The S & B that I use has 24 numbers, and I have a choice which other people would not have.