Hi av8t0r,

It will work but in my oppinion the tool holder looks like junk. My advise would be to seach around for some auctions. In my area there have been alot of them in the past few years. Alot of shops going under! Thankfully I'm still hanging in there. Some times you can pick up an older lathe or mill for scrap prices. Also check to see if there are any machine surplus warehouses in your area, some times you can get a decent deal if you check around.

Hope this helps,

Pete