Brian,
MichaelG is correct in what he is saying. Here is a little more clarification:
The table on ARCs website is correct, regardless of your using the fixed toolpost or compound slide & Toolpost, specifically for the C0, and specifically for the square 8pcs HSS Lathe Tool Set to which the table relates.The height to the bottom of the slot/holder in which the tool sits, is a 'nominal' 20mm on the fixed post, and the same for the compound slide type after including the compound slide attachment. the slot/holder opening height is greater than 10mm, dependent on which tool post you use.
The working tip/shape of the tool bit needs to be at the 'center' of the work which it is turning, or slightly below. With a 6mm HSS toolbit, there is more flexibility to adjust the height of the tip at the end of the shape by using shims as packing in the holder, then with an 8mm toolbit. This being said, for the sets we sell, both can be used in either the fixed or the compound Slide & Toolpost, as specified in the table. If there is any doubt for the shape, then safer to use the 6mm and shim as necessary. The information given in the table is a guide for the products sold by ARC.
The fact that the slot/holder height is greater than 10mm, does not mean you can use a 10mm square toolbit with pre-made shapes. The chances are that the tip of the shape on the end of the tool will probably be higher than the center of the material you wish to turn, so making it useless.
AUSEE does sell blank HSS toolbits. They can be found here:
http://www.ausee.com.au/shop/category.aspx?catid=6129
To the best of my knowledge, the 8pc HSS Lathe tool sets are in a container on a ship which is on-route, and they will be in AUSEE's offering by mid/late January 2015. You can find out from him after 5th January.
Ketan at ARC
Edited By Ketan Swali on 27/12/2014 11:34:11