There was an article in Model Engineer magazine by L.C.Mason entitled "A Universal Toolholder" dated 2nd January 1970. The design is very similar to that already described.
I have made a couple of these for friends who use them as "quick set" toolposts, ie they retain a single block and adjust the height for each tool as required; sort of halfway between fiddling with shims and a full-blown QCTP.
My observations are that there is no need for a large diameter height adjuster, I think I used about 5mm diameter with a fine thread for precise adjustment, a small knurled knob on top makes fine adjustment a doddle. I would recommend though that a brass or copper tip be fitted to the bottom of the adjuster to prevent marking marking the upper surface of the top slide.
The dimensions given are not set in stone, they can all be adjusted to suit the lathe. IMHO the main considerations are are a robust central post and a toolblock to suit the size of tools in use.
Gordon.