If you do it right, you won't have time for a cup of tea.David Lim wrote: Then switch on the power feed and drink a cup of tea, whilst watching the lathe bore out the wood for me.
I would strongly advise against relying on feed via the leadscrew. Bill's recommendation to hold the shank and feed up by hand is a good one on several levels, not the least of which is that this obliges you to be there and to pay attention to what's going on.
If you've got enough bed length to do it, I'd suggest rigging some way of holding the gun drill in the tailstock (which has been discussed here already, I think) just for the sake of alignment, and feeding the tailstock up by hand.