Hi Pekka,
If I get it right your take on this one is all about machine safety?
I didnt mean to give that impression, the main number one concern I have is Personal Safety, if anyone wants to risk spoiling their machines that is entirely up to them and their wallet

This concern about this exact case is the one that I don't quite get. I see here all kind of techniques suggested and used and never seen text
peppered with warnings.
To my understanding on the original post question was to keep the original motor and the lathe and to replace the gear train with belt drive. No mention of hooking the lathe at the rear end of V8.
Then I butt in and blurted out on what I have been thinking of doing with automotive parts. And I'm all ready miffed about the drama I got myself in and strangely have need to explain myself.
Putting this to minilathe context: Automotive parts are manufactured under rather strict standards and rated to several kilowats and some serious rpm compared to the minilathe. My question is: What is this danger that my answer seems to suggest?
Exceeding the lathe evnelope or maximum ratings? I'm unaware what are design limits of this particular lathe. I have seen only machine cards of industrial production machines. The hobby lathe etc. I have bought are not furnished with this information. Maybe minilathe has that information. I bought a little time ago a pneumatic percusion drill (Makita) the manual had pretty good spesification on what size drills to use on different material and what performance to expect.
Your comments about using a belt drive are valid, and the newer version of the mini-lathe comes with a belt drive. But I think the parts in your post that maybe sparked off a few of the comments were -
If you can chuck 7" billet on 7" lathe and there is no indication (maybe there is on the user manual?) that you can only turn e.g. 2" of free maching steel, 3" aluminium with 1 mm2 swarf then what we are left with?
I'm no way expert in judging what size of work is apropriate for this size of lathe, but for me it is: If the tool tip is towards the centre from the bed way, then it should be fine.
It may be considered a bit picky just to focus on those couple of sentences, but having a 6-7" piece of Ali spinning on a such a light-weight lathe is, quite frankly, a terrifying prospect. Even well bolted down, it still could not be considered wise, there just isnt the needed mass to keep it all stable.
Leave the stability aside, working with some material of that size, the risk of the workpiece breaking loose is also increased, and having a 6-7" diameter workpiece chasing you round the workshop is not my idea of fun

Your illustration of the pneumatic drill is a good one, and it would be a good thing for manufacturers to put a recommended max workpiece diameter list in the manual, but, at least on my mini-lathe, they didnt. That's what I meant when I posted about pushing the machine beyond it's capabilities, because I didnt want someone trying to turn a 6" length of 5-6"diameter steel or even Ali in a mini-lathe based on just the fact that such a workpiece can fit on the lathe, and I especially didnt want them to get the idea from a forum I was a mod of.
Please dont think I am getting at you, personally I think that there could've been a better way of addressing this point, I'm sure that I could've put things clearer, but what has been said, has been said, and I'm sorry that you feel that you have been under a "salvo".
Tim