I'm no expert, but it seems like you'll be spending a lot of time in back gears unless you do something about RPMs being doubled. I'd consider either acquiring a slower motor, adding an additional drive stage/countershaft with 2:1 pulley/gearing reduction from the motor shaft, or replacing existing pulleys on the motor-spindle/countershaft (in order of increasing difficulty). A second stage countershaft (gear or pulley driven) might be a fun little project.
As others have said, threading doesn't depend on motor speed. The carriage advances as the spindle rotates, each rotation moves it a fixed amount (no matter how quickly each rotation occurs). The gearing ratios (configured with change gears) determine the "fixed amount." You'll have limited time to disengage the carriage feed and retract the cutter after each pass, though, which usually means adjusting belts for pretty slow speeds. I've always been able to avoid back gears for threading (I've never threaded anything with a very large diameter) but with a 2x speed motor you may be forced to.
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Rex