Support the bar within millimeters of the cut

A Swiss-type lathe slides the bar through a guide bushing so the material is supported a few millimeters from the tool. That is what lets a part with a high length-to-diameter ratio be turned without deflection — the reason bone screws, pins and instrument shafts are Swiss work rather than chucker work.
Because the sub spindle picks the part up and back-works it, the thread, the drive recess and the head form can all be finished in one cycle. The part comes off complete rather than moving to a second machine with another chance to lose concentricity.