pj...
I am sure that it would never make a full fledged lathe machining package like most in the trade are used to using, but you surely should be able to use VCP to generate toolpaths to do most anything that you wanted to. My metal lathe is not CNC, but I have done numerous lathe and rotary projects using only VCPro as the toolpathing engine.
There are more on my YouTube page, but here is one:
https://youtu.be/4j_GFr0spSE