Re: How to Turn This?
What you are talking about is using ''live tooling'' as shown in the first video, and is required for drilling bolt patterns and milling in the lathe. You can get live tooling on a turret type tool changer, my lathe for instance has 10 turret positions, and 5 of them can be live tools. I build a couple of parts that require milling or a screw hole pattern and it's nice to be able to produce a completely finished part in the lathe.
You don't need to buy 4 or 5 axis CAM software at all, Fusion 360 is free to students, hobbyists, and startup companies making less than $100K/year. I do normally hand write the milling and drilling G code routines just because it's so simple. Just simple X, Z, C positioning moves.
Jim Dawson
Sandy, Oregon, USA