Yes, but...
I use a 10x36 Atlas for tips and ferrules. The spindle bore is a little over 3/4 inch so a shaft will fit. You'll need to make something to support the piece on the back end. The shafts will fit between centers for cleaning and sealing. If you can get the lathe cheap, go for it. I only paid $125 for my lathe and I still regret not buying a Cueman, Unique or Porper in the first place. By the time I bought a quick change tool holder, new chuck, tip radius tooling, cup center, drill bits, etc., etc., I could have gotten a repair lathe and started work the day I got it.