Well there’s also these. https://www.chronos.ltd.uk/product/new-tee-slotted-milling-table-4-x-5/ Drilling and counter boring that to then use Allen head cap screws to fixture that sub table to your cross slides method of attaching the top slide will be easier and gain fairly easy repositioning of your milling attachment for some part shapes or sizes. Part holding or orientation of where the milling attachment is positioned towards the front or rear of the lathe on the cross slide is a big help sometimes as Dave already pointed out. I might even go as far as using a longer cap screw that holds your cross slides feed nut just to gain a third attachment point to your lathes cross slide with that Chronos tee slotted sub table if you chose to go that route. That cap screw would have to be changed between milling and lathe work, but at most that would take an extra minute or two. Anything you can do to gain even a little more rigidity will only help.
But you need to start a bit further back if you haven’t already done so Chris. That means getting your lathe bed properly leveled first. For everything else including any milling, that’s your initial and base line set up. Then you’ll need to indicate just how parallel the top of the cross slides surface is to those lathe bed ways in both front to rear and maybe more importantly, it’s parallelism is in the head stock to tail stock direction. Part alignment to the lathes spindle driving your cutting tools has the exact same requirements as doing so with a vertical mill, it’s just orientated differently. Any tilt front to rear on your milling attachment in the cross slide head to tail stock orientation creates an angled surface that’s cut, drilled or bored into your parts.
And the same parallelism requirement for any sub plate or sub table you add. Unless your very lucky, few of these off shore machines really are parallel for that cross slides upper surface and to the lathe ways no matter how good the surface grinding may look. Any HS-TS inaccuracy transmits to a forward or rearward lean to the milling attachment and any parts machined on it. That alignment is pretty simple and easy to double check with a magnetic base and dial indicator. Even easier once that milling attachment is fixtured to the cross slide.
As far as milling attachments being of no use? Easily proven as untrue just going back through any of about the pre 1980’s or earlier copies of the Model Engineer magazines. There’s ample evidence of quite complex milling for extremely well done scale models before today’s smaller and much cheaper off shore mills became available. However, and if it were me, the accuracy and quality of the milling attachment itself has a lot to do with your part rigidity and ultimately its machined accuracy. Instead, I really think I’d chose to look for a good condition used Myford milling attachment. Yes were all limited for available funds, but any extra cost would be more than worth while. And that vertical tee slotted Myford milling attachment has about the best versatility of any other lathe milling attachment I know of. If they were just a bit larger, I would have bought one.
Leaving aside the limited cross slide travel and part size, even your lathe will be multiple times more rigid than my own Bridgeport clone mill while actually driving any milling tools. Size for size, a lathe head stock is quite close to the same sized horizontal mill that was designed from the start to be quite rigid. Without question lathe milling does have serious limitations on part holding rigidity compared to even a smaller bench top sized mill. So of course those lighter cuts aren’t optional. But it’s still completely possible. And yes almost any mill would be better, until you have that, then use what you do have just like M.E.’s have been doing for more than a century. I’d also buy or make my own fly cutters. For M.E. type work, they provide the ability of creating much finer surface finishes that save a great deal of time savings that end mills just can’t do when trying to remove those tool marks. They aren’t really cable of being used for some milled shapes, but when they can be, there a cheap and excellent tool to have. However, any fly cutters are and have always been meant as a light finishing tool only. I’d estimate for your lathe, I’d probably limit any fly cut finishing to maybe .005″ / .12 mm of cut depth in any steel. And at most, maybe 1/2 as much again to double that on aluminum or brass. Deep cuts with a single tooth fly cutter can be done, but they unarguably hammer your spindle bearings much harder. I don’t make any fly cuts much larger than what I’ve mentioned even on my own 2 hp 3 ph BP clone mill for that exact reason. And on it, that hammering effect also damages the spindle feed splines given enough deep cut fly cutting.
Like Jason, I have two vertical mills and additional to what he has, a small horizontal. I still purposely bought a larger and more rigid lathe milling attachment than even a Myford. It still depends on how much anyone might use it after buying a vertical mill later, but I’d consider my own lathe to be lacking in optional methods if I didn’t have my milling attachment. I’d also consider that this book is also non optional. https://www.teepublishing.co.uk/books/workshop-practice-series/no-5-milling-operations-in-the-lathe/ It will vastly speed up your learning curve as far as how to hold, position and cut a wide variety of parts.
To take it a bit further, add any live tooling to the lathes carriage and cross slide, and an accurate method of lathe head stock dividing. You then have much of what a rotary table and vertical mill can do. Or reverse that with a small rotary table attached to the milling attachment. That would be useful and especially so for items such as PCD bolt hole circles. With what I have now, I can even use a MT 4 – Mt 2 spindle reducer in my lathes head stock, and although extremely rare so far, use any of my horizontal mills arbors and it’s cutting tools on my lathe if needed. Just like the Myford ML 7 and Super 7 lathes, making your lathe and any available tooling much more versatile with a few additions can sometimes make almost impossible looking jobs possible. And that’s always been a part of the M.E. hobby.