<Yoda>Electronic lead screw it is you want, hmmm?</Yoda>
Open source hardware
E-LeadScrew : Lathe Electronic Lead Screw R&D
An idea I've had kicking around for a while is building a lathe from plasma or water jet cut plate steel, doing the jigging and welding robotically along an automated assembly line. That'd include annealing for stress relieving plus induction hardening and grinding of the ways, boring the headstock for bearings and boring the tailstock for its ram. Since I've been working on a Wade 8A refurb, I've come to admire how its tailstock works and wonder WTH all tailstock rams aren't copies of it. (Leblond copied Wade's asymmetric front way slope, why not nick the other good bits?)
For the ways I'd use square bar stock at a 45 degree angle to minimize the amount to cut away. The top edges of the side plates would be V grooved to hold the way bars prior to welding.
All the technology exists (and has for some years) to build a lathe production line that takes in steel plate at one end and produces ready to assemble parts at the other. Harley Davidson's production line for frames for the V-Rod motorcycle is pretty much that way.
Tube and plate in, finished frames ready for paint prep out. All the pieces are bent, cut, jigged and welded by robots.
For CNC, using a precision rack and pinion for the carriage should cost much less than a ballscrew without giving up any accuracy. Even better it would be a simple option to put a rack on the back of the bed for double sided drive like at least one early 20th or late 19th century manufacturer did with two opposite threaded screws geared together.
A screw down the center pretty much needs a closed bed top and an underslung carriage if you want to keep chips off the screw. Such designs preclude center pedestals to support long beds.
Designing with Finite Element Analysis it should be possible to make a welded steel lathe (or mill or any other machine tool) with as good or better rigidity and vibration damping as the best in cast iron. Even with cast iron if techniques from as far back as 1960's engine blocks were applied to machine tools, they could be lighter yet better instead of how most of them appear to be designed, throw more weight of iron at it, as much as possible.
Sometimes making a part lighter will fix a problem that making it heavier has failed to fix or even made worse. The US Navy found that out with torpedo firing pins in WW2. Benelli had a problem with a part in a new auto loading shotgun that kept breaking. The beefier the part was made, the faster it broke. Then some bright person thought "What if we made the part thinner so it could flex a very small amount instead of trying to completely resist all bending?". That out of box thinking made the shotgun bolt assembly stronger and the action the fastest of any auto loader.
Of course you don't want machine tool parts flexing, but applying smarter design methods instead of just "More iron! Make it heavier!" has the potential to make them better than any which have come before.
The "tops" in doing things as they've always been done, apparently just because "We've always done it this way." can be seen in the huge numbers of clones of the J head Bridgeport mill. Why so many companies have copied that thing filled with a huge amount of fiddly little parts is mind boggling. I've been doing some repairs to a real Bridgeport and a slightly larger Lagun, which is a typical BP clone. Most things I see on those give me a "WTH moment". It's like someone set out to design a milling machine head with no real clear idea of where they wanted to end up. The design of the quill power feed and auto up/down stop would have both Rube Goldberg and Heath Robinson completely giddy.
Turn a team of engine engineers loose with an old Bridgeport as an example of over-complicated, antiquated design, and a mission to design a less complex, lighter weight machine *at least* as capable and I'd bet they could do it, especially if none of them had any preconceived notions about how a mill "ought to be" built. 'Course it could backfire and they'd come up with something even more complex and fiddly, given the way car engines have gone the past 20 years.
Such a process did work with the M16 rifle, those guys weren't gunsmiths yet they set out to design a rifle that didn't repeat traditional problems. The initial problems with the M16 were caused by people who did know firearms insisting that some of Armalite's innovations were completely un-necessary. IBM shuffled off the design team for the original PC to Boca Raton, Florida then did something unheard of in the industry - left them alone to design it - and created a revolution in small computers.
But the chances of anyone bucking the heavy iron traditions in mass produced machine tools seem to be slim to none, because "That's how things are done, period. Ain't NO other way can be as good, ever.".