I wonder if it would be possible to use a variable speed control on the motor? I, too, prefer to use a lower rpm when threading. Reduces the chance of running the tool into the barrel's shoulder.
You know, unless a machine tool is absolute boat anchor grade, a lot of work can be done with one. I've used a South Bend heavy 10 that had about 1/4" slop in the cross feed - the crossfeed leadscrew's threads were worn round. But I could centre a barrel in the spindle, and the tailstock lined up. Could cut a good chamber or crown with it. Wouldn't even consider trying to cut threads, though. Did those on a tighter, but smaller SB 10K. Better to have a machine with a few warts, than no machine at all. You can work around problems.
The 1 1/8" spindle bore on your machines will pass most any barrel you would likely work on. If the breech of the barrel is a bit larger, it can project out toward the tailstock a bit, no problem.
A four jaw chuck is a must. Combined with a spider or cathead for the other end of the spindle, and a set of plug gauges (w ww.meyergage.com), and you can dial a barrel in very nicely, indicating off the bore.