Hi LC,
I'm not sure I completely understand your post, but if I read you right, you're not having enough X axis travel to reach spindle centre with a stationary drill. I'm guessing you've got a subspindle (MS variant) which probably means that only half of your stations reach main spindle centre. I've noticed that this is the case with my own machine which has a VDI tool turret. My tool positions are radially staggered with some of the tool positions positioned further from the turret centre than others. Try putting your tool in an adjacent turret position which may be further from your turret centre than others. I'm not sure if BMT turrets have this issue, but my VDI definitely does.
I managed to squeeze out more X travel by changing my X axis limit parameters. This is a bit dangerous as I had to pull off the X axis cover panel and watch the ballscrew and nut with a borescope as I moved my travel limit so I was sure not to run the nut out of it's safe travel area. I also have to be mindful to fully retract the sub spindle before pushing that far down or I'll crash the subspindle. I've removed my subspindle chuck to provide more clearance to the back of the turret.
Does your 240MS have Y axis? Usually Daewoo lathes will have a Y in their variant name if you've got Y axis. If you haven't got Y axis, you'll have to either adjust your BMT tool holder (sorry, I've got no experience with BMT) to move the tool higher. For my VDI holder, I adjust the toolholder tail screws to crank the holders around a bit to raise or lower my tool edges in the Y direction. I tend to use my gang boring bar holders the most in my operations plans:
http://reliabletools.cachefly.net/it...erV09/v46h.jpg
They've got an adjustment to rotate the holder in the VDI position to make slight Y axis cutter adjustment. I either adjust the adjustment feature or try to rotate my boring bar to move the edge. Other static tools usually get shimmed to slightly adjust height.