To those suggesting that a horizontal mill, or two horizontal mills and a lathe, or some other combination of manual machines will outpace a live tool lathe, a modern live tool lathe will have one end of the shaft done or almost done in the time it takes any manual machine just to rapid from one end of the shaft to the other.
Between turning the journals, tapping the ends and cutting the keyways it would take six or more manual machines and operaters to outpace one modern live tool lathe, with all the costs and risks that go along with it. And the operator can be running the bandsaw, emptying the swarf bin, and doing quality control while the lathe is working.
If OP wants a sustainably high output, low labour cost, reliable and repeatable process, the live tool lathe is a no brainer.