Good, you already have the quick change tool holder.
It only holds one tool at a time.
Generally you set the compound to 45*. Then set one dove tail parallel with the chuck, the other toward the back.
That way you can quickly change from a cutting tool, parting tool, knurling tool, to a boring bar without having to wrench on the tool post.
You've got a good start there. Some indexable carbide tool holders and inserts will get you going.
The brazed on carbide boring bar will work if it's not broken. They are old school, do a good job, but very fragile. You always want to run the largest diameter boring bar you can fit in the hole, and keep it as short as possible. An assortment of indexable boring bars with carbide inserts should be on the radar.
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Today's Featured Article - A Lifetime of David Brown - by Samuel Kennedy. I was born in 1950 and reared on my family�s 100 acre farm. It was a fairly typical Northern Ireland farm where the main enterprise was dairying but some pigs, poultry and sheep were also kept. Potatoes were grown for sale and oats were grown to be used for cattle and horse feeding. Up to about 1958 the dairy cows were fed hay with some turnips and after that grass silage was the main winter feed. That same year was the last in which flax was grown on the farm. Flax provided the fibre which w
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