Jan,
Single point threading throws a lot of stuff on a lathe and the process works better with a larger engine lathe. I have seen threading setups for small lathes but they are rare for a reason. A larger engine lathe does this job better. Central machinery makes a range of inexpensive engine lathes that can do single point threading better than any modified instrument size lathe. Grizzly Tools, Harbor Freight and Enco, to name a few distributers, all carry engine lathes that come set up for this kind of work.