You can probably round up a new used backgear off eBay or the Yahoo Group for Drummondlathes.
Delrin half nuts can be made but not very easy to anchor to the odd shaped M-type casting. The brass spool described above can be soft soldered in place.
Yes you need a working lathe to make the new halfnut insert. I was lucky and had the skin of the teeth left on the halfnut, which was enough to make a new insert.
One alternative might be to grease up the leadscrew or cover it with thin plastic wrap then put epoxy repair putty into the clapped out halfnut and squeeze it up against the leadscrew to form it to the thread shape. I would not keep this as a long term fix because swarf could get embedded in the epoxy and wear the leadscrew terribly. But good enough to use to make a new brass insert and then solder that in place.