Rockwell made an X-Y attacment for wood lathe so you have a carrage feed and cross feed for its wood lathes and see them now and then at ebay..
I am guessing you could buy an X-Y table @Enco and mount a tool post to it for use on a bigger wood lathe..
You would need a strong motor and maybe a smaller pully to reduce the RPMs for steel cutting..
My lathe is 9" Southbend and eBay sells 100s of parts for them every week.. The also sell whole lathes, two or three a week for about $1000 -$1500 loaded..
I bought mine from eBay and was missing motor section called the counter shaft and a bunch of other little stuff that adds up but it was only $310 and $130 shipping..
I spent maybe another $200-$300 to tool it all up and buy missing parts like a motor
Lots of people buy they local to part them out on eBay they are so popular..
I was looking at a Grizzy at the IWF, I think 13-15" that looked and felt awesome and the size I wish I had room for..
I have not seen Grizzlys 9"-10" model but if anything like the bigger one I would be happy...
Jet also makes and OK lathe..
aka rarebear - Hand Planes 101 - RexMill - The Resource