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Absolutely. Ny lathe is also a small retrofit, with manual diection change and manual speed select. Works fine.
Feel free to ask if something is unclear.

See this post about my solidcam postprocessor for mach3 turn.
http://www.cnczone.com/forums/solidcam-for-solidworks-and-solidcam-for-inventor/329462-forum.html

Included is a Modified FANUC2013 Turn postprocessor for SolidCam, posted by some kind person on this forum. I don't remember exactly where i downloaded it.
I sat down to make it work with my Mach3...