Since making one or two of my own, (for 18″ and 5/16″ toolbits) I took up a special offer at a show just before the UK agent ceased trading.
Since then have used it for most of the time, except for roughing or boring. (Both those tools use CCMT0604 carbide inserts)
Have taken cuts between 0.050″ and 0.0005″ depth, at various times
There are two DIY designs, the second avoids trying to mill at compound angles by putting in the tool slot before machining the tool shank to a trapezoidal shape to incorporate a 12 degree angle.
Have made at least four for other lathes. No complaints that they don’t work.
Grinding is a quick job, once the simple jig has been made Again two designs, the DIY (Simple) one and a copy of the commercial one, which is a little more complicated, but works well.
Forgot to say the the HSS toolbits last well, having bought the commercial one, some time ago, still haven’t worn out the second 1/4″ toolbit yet.
Howard