Conrad
I'm with you -I find machining cast iron immensely satisfying (provided it hasn't been chilled, unintentionally or intentionally, on solidifying)
I have some round sticks of Ni-resist (high Nickel, heat resisting spheroidal graphitic cast iron) I had a local foundry cast for me as a teenager
I had conceived a project to design and build a steam engine (to install in my Fiat Bambina!), a refinement of the elbow engine along Volvo Flygmotor hydraulic motor lines, but my aspirations soared far above my ability to carry through.
I found the sticks, with their sandcast surface, impossible to machine with the resources then at my disposal: I couldn't chuck them firmly enough and I couldn't get through the skin with my puny Myford ML7.
Here's the point in my post: with the exact same lathe I was recently able to put one of these sticks (yes, I've never thrown anything out, ever) to good use, and look forward to doing the same with the rest in due course.
And I used the same lathe, despite having much better options.
The secret is this: toolpost grinder improvised from a flex-shaft die grinder (shown here doing a different job)
By this means it's simple matter to create a chucking 'handle' at one end and a steady patch at the other.
The 'key enabling concept' here is this: when cylindrically grinding, (especially with such a woosy setup) the push-off forces are tiny by comparison with trying to take a hard foundry skin off with a carbide tooltip.
Furthermore you're only turning the spindle by hand, so little is at stake if things come loose.
Consequently the rough stick can (if you're fussy) be wrapped in soft (eg alu MIG) wire and gripped in any chuck you happen to have fitted, or (if not) simply gripped lightly in a 4 -jaw, perhaps with a shim or wedge or 2 (even cardboard would do) to stop rocking.
The grinding operation has the further advantage that it is supremely indifferent to the sand content of the surface skin.
The abrasive effect on the 'cutting' tool is immaterial, and the machine will already need to be shrouded for grinding grit so there's no extra effort required here.
Once these patches are cleaned up, the item can readily be machined by turning, even in a floppy Myford ML7. My ML7 has be relegated to such dirty jobs (toolpost grinding, machining cast iron, turning hardened parts)
Once the nasty part is accomplished (if the accuracy is needed) I move the whole setup, without loosening the chuck jaws, into the "kept for best" refurbished Super 7, or go to a new setup in a bigger lathe if horsepower and rigidity are required.
The reason I'm going into this detail is that there are attributes of the Myford (which you asked about in another post) not shared by other modern lathes which make it unusually versatile.
For instance, the photo shows the compound slide moved further back on the cross slide than the usual position, to allow grinding a chamfer which a conventional cross slide would not travel inwards far enough to reach.
The flat bed is also somewhat easier to shroud for grinding, and for machining abrasive materials.
Because the basic Myford was designed with a view to turning, milling, line boring, grinding, and tackling work too big for it (albeit adopting a 'sneaking up' approach to material removal), it does have a number of virtues which will not immediately be apparent to people to whom a lathe is 'just a lathe'.