About 12 years ago I ordered the smallest Aloris quick change tool post they made for a small Atlas 618 metal lathe. Unfortunately, when it arrived it was huge and was just not practical to use.
So time marches on and I recently stumbled upon a version that is only 2/3 the size of the Aloris. It's perfect for rapid tooling changes on a small lathe.
The tool post itself is in the rear center of this photo while left to right the tool holders are for: cut-off blade, 3/8" lathe tool, 1/2" lathe tool, a 3/8" boring bar and a holder for a 1/2" boring bar that has not been installed yet.

For those that are unfamiliar with lathe tooling, I'll give a very brief history of how we've landed where we have. The lathe dates back to 1300 BC but I'm interested in "modern" metal lathes driven with an electric motor so that starts right around 1900.
Left to right:
1. Original lantern tool post used with a single lathe tool, when tools are changed out, everything needs to be readjusted
2. A square tool post that can accept multiple lathe tools, to change tools, release the handle and spin the tool into position.
3. The modern quick change tool post, release the handle and mount what ever tool you want to use. Everything is pre adjusted.

One thing all tool posts must have is the ability to adjust the height of the lathe tool relative to the centerline of the material being turned.

For the lantern tool post, the thickness of the black bar that sits between the silver tool bit on the top and the "rocker" on the bottom needs to change. Either the bar thickness needs to change or there needs to be the addition/subtraction of shims.

For the square multi-tool tool post, the lathe tool is raised/lowered through the use of metal shims.

For the modern quick change tool post, it's a simple twist of a thumbwheel which allows for fine tweaking of the lathe tool height.

I also want to give a quick visual on how lathe tooling has changed over the years.
From right to left;
1. A Cleveland HSS tool circa 1900 to 1950,
ALL geometries are hand ground on a blue or white wheel.
2. A Carboloy cemented carbide tool with a brazed tungsten tip circa 1950 to 1980, minor geometries can be hand ground on a green wheel.
3. An early, cheap carbide insert tool with a replaceable carbide insert circa 1980 to current, ready to use as is.
4. A modern Seco Carboloy tool with a replaceable carbide insert circa 2000 to current, ready to use as is.

All of these tools perform the same function and yet you can see the tip geometries become smaller and more precise as time goes by. That Carboloy cemented carbide tool was really cutting edge in its day and it took a while before they became affordable to the small machine shop/home machinist. The Carboloy material, just for the brazed tip (cemented tungsten carbide) was priced at $450 per pound in the 1950's. Compare that to the small silver carbide insert in the Seco holder at the top of the photo...that insert was $6.
