Depends how fussy you are. Inserts come in two main types – full form and partial form. Full will have the correct radius to form the crests and valleys so you need one for each pitch. Partial will cut a deeper more angular valley and the crests may need a quick dressing with a file but one insert will cover a range of pitches.
One holder will take various inserts – full partial. metric UN, etc
If your 1/2 x 32 is an ME thread then you will need 55deg inserts, if UNC then you could get away with partial metric or a specific full form 12tpi UNC insert