An excellent idea – and thank you for showing us complete with drawing, which of course can be adapted for other lathes.
My “To Do List” has long had a centre-height gauge with two steps, for setting either the front or rear tool-post, but I’ve rarely gone wrong by sighting the tool against a centre as in your photo.
This shows something that’s never occurred to me: are these boring-bar holders designed so the insert tip is on the diametral plane of the bar itself? Hence allowing your system to work without needing height and angular adjustment? The clamp screws would hold the angle by gripping on the flat. (Though the system necessitates a certain degree of tool standardising by the user.)