My Teco 7300 CV has the option to add an external start-stop through programming, but not an e-stop. I assumed, perhaps wrongly, that if I added a start-stop station I would have to use that rather than the existing keypad to start the lathe- I only wanted a foot-operated off switch. In retrospect I should have researched the programming alternative by contacting the manufacturer (never a bad idea) as it might have saved the expense of a line voltage rated switch and allowed for braking. I'm okay with the present setup though and don't plan to make any changes. Thanks for the feedback.
I do really like knowing that I have a hands-free e-stop that is always in the same place and accessible from anywhere to the right of the headstock. I don't want to have to think about where the switch is or put down a tool to hit it. I put similar hinged actuators on two tablesaws in the past, which is a machine where a no-hands shutdown can be even more desirable.