Thanks to all who contributed to this thread.
I finished up turning lengths of silver steel down to 2.2mm diameter to cut into 8BA studs.
I used the rear tool post to hold a Phosphor Bronze bush round the rod, and set my topslide at right angles to the lathe bed (almost 90 deg – full right angles is impossible on a standard ML7 top slide.) The cutting tool (tangential) was adjusted by the top slide feed screw.
I attach a photo of my setup.
The finish was not as bad as it appears.
Thanks – David

Edited By David Haythornthwaite on 19/01/2015 19:32:13