I would really recommend using the multiple-thread Acme; not only does it take a lot of cranking with the 10- or 20-pitch screws, a little torque on the handle will produce a lot of force on the elevation mechanism and it will be relatively easy to break something if you run past the range of motion for the mechanism.
Last night I posted the McMaster-Carr part numbers for a screw and nut that will match the original in terms of diameter and lead (1/2 inch and 1/4 inch respectively); the only catch would be that the nut has a 15/16-16 thread, which is considered "special". To implement this, you would need access to a tap (such as McMaster-Carr #2595A439 at $61.17 ) and a 7/8 hole in the casting. Any decent machinist should be able to bore the thread, however, and you could also put a 15/16 hole in the bracket and then pin, clamp, or epoxy in the nut. Just bear in mind that the force on the nut is always towards the crank handle when you are considering how to install it.
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