And you're talking a 20 second cycle time?
So on ''a pretty old slow machine'' your'e going to at the very minimum;-
Barfeed to stop
Turn two diameters for a total distance of 70mm.
Drill 50mm deep.
Tap in 50mm.
Reverse spindle
Withdraw tap 50mm
Reverse Spindle.
Part off
Either your CAD / CAM ? whatever system is tellin porkies, or you need to find a new dealer, cos something isn't right, and if you work on that time you stated you will make sweet FA / lose money.

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