Peter-
I don't know what the tolerances are on your threads.
If you have secure work holding, the chase threading will repeat very, very well. However, on the ESM's it is possible to "influence" the final cut depending on how hard the operator leans on the follower. Perhaps as much as .002 or a little more in extreme variation. With normal routine pressure, I'm convinced the variation is the same or less than part-to-part variation on a somewhat used engine lathe, going only by the dials on both type operations. The chase threading gives the opportunity for 1 - 3 (or more) spring passes at the final end, if you feel less than confident; because it is so fast.
Here's where I'm going: like with any set up, it can be useful to mic the first few parts, and every now and then in between. This will "calibrate" your wrist and inform your eye, and you can then hit +/- .001" or better just watching and feeling what happens after a few parts. The HC's are nice in the respect that they have a bob weight so the pressure (IIUC) can be more uniform. I don't really use a standard with the thread mics, just mic the mating part, get a good fit, mic the work, and then keep that standard thread mic reading. (unless your tolerances are to a published standard)
As with any manual threading, a quick final touch up de-burr with a triangle stone or clean up with the butt end of a wooden (cedar) shake can suddenly make a big difference in fit. I've never tried topping inserts. I do grind HSS bits in a spindex to form so they can be sharpened quickly on the surface grinder with just a top grind near the cutting edge.
one last note: HC's are more closely coupled than the ESM's, which have a gear train and the "hob" sets between shoulders, giving some slight end motion; so perhaps HC's will not evince the following happenstance. On the ESM, if you let the screw drive the follower without hand influence, or if you try to lead the follower motion (assist with forward motion) it can sometimes lead to drunken threads. Let the hob or master push the follower, with ever so very slight hand tension against the thrust. If you thread at the speeds possible with these, that will happen more or less automatically, though
smt