OK, so forget about inserts, either not available or prohibitively expensive.
Not sure I'm up to grinding an accurate tool, but I might be able to grind a near-ish tool and then finish with a tap. There's a tandem tap on amazon that looks good, but unf. from a US seller which doubles the price.
The delrin idea is interesting, I can see that working for CNC with many light cuts but whether it would stand up to my ham fisted lathe turning is another matter.
This is what I'd like to make, and to add to the fun I need to make it on the lathe that it will be used for.

Edited By Adrian R2 on 20/11/2020 15:47:57