No!!
The pin outs for LPT1 (printer port) are as follows -
pins 2 - 9 address &H378 (Out)
pins 1,14,16,17 - address &H37A (Out)
pins 10,11,12,13,15 - address &H379 (Inputs)
pins 18 - 25 are the signal ground wires for the above - i.e. they are connected to 0 volts on your computer, you must not cut them or the computer will have no reference.
I don't know what method you are using for your home switches - but the simplest way to do it is, perhaps, micro switches.
a) decide which three input pins you are going to use.
b) select one of the ground wires - or if it is easier, select three, one for each switch.
c) fit your home switch so that, when you go home, the switch closes, and makes a connection between the signal ground and the input wire.
d) identify these input wires in Ports and Pins/Inputs and show them as active low.
You do not need to use a 5 volt supply, because the input pins are already pulled high internally in the computer.
You can test them by switching them manually and looking of the diagnostics page.
You can test the principle of this even more simply, before you mess about with your lathe/mill by selecting an input pin, fasten a wire to it and then touch it on any of the ground terminals. If you have identified this in port and pins/inputs, then you should see the led light on the diagnostics page.
I have just connected mine this week, as above, and they work perfectly, and even with cheap micro switches, they are accurate to 2/10,000 of an inch - which is good enough for me. I could get some more expensive switches which are probably more accurate. The way it works is the carriage runs down until it closes the switch, then it backs off slowly until the switch opens again - it seems very accurate.
The problem will be if you have already used your 5 input wires for anything else, say limit switches. I'm afraid that, if you have, you will have to fit some sort of second port - and then carry on as above. You can, however, combine home switches with limit switches if that is convenient, which saves inputs.