As I said you can regring an off the shelf bar, they usually have the rear angle rounded like the one on the left so just grind it straight like I have to the one on the right.
Then it can be mounted in the head like so, just take it easy as the forces are taken more by teh braze but I have not had problems using them this way. Mounted inline with teh shank it will also do external cuts.
If you don't want to grind things then just mount like this and cut upwards
Another alternative is to make a simple tool holder, drilled to take HSS toolsteel or milling cutters and a grub screw to keep it in place.
And while you are at it frill the other end at right angles so you can use it for boring smaller holes or external cuts