WalterSV, there's been a great deal of discussion
here but nobody answered your exact question I
think.
I'm going to paraphrase it so if I get it wrong
you can call out:
"How does one grind a lathe tool if it is to be
mounted in an armstrong lathe-type (not shaper)
toolholder, that goes into a lantern toolpost?"
The key to the question is the fact that
tool holders like that hold the long axis of the
tool *up* at a considerable angle with respect
to horizontal.
So you need to compensate for that build in
angle by modifying the various grinds, to allow
for the needed front clearance, and to compensate
for the inherent back rake the tool holder adds
in.
Basically you grind the tool as though it were
being used for horizontal mounting, but simply
put in extra front relief so the tool does not
scuff when brought to bear right on center of
the stock.
The tool holder angle will impart back rake for
you. If for example, you wanted to make a
brass turning tool, with a dead flat top, you
would need to grind negative rake on top of
your toolbit, equal to the angle that the
toolholder points it upwards.
Now this having been all said, I will make a
comment or two.
1) Set the armstrong tool holders aside for now.
2) if you wish, you can keep using the lantern
toolpost - but simply place the tool bit
directly in the toolpost, with suitable spacers
underneath to bring it near center height. The
rocker can still be used to 'fine tune' the
height.
You will find that instead of, say, a 1/4
inch square toolbit, you can now employ a
3/8 square one, and the overhang has been
drastically reduced. The setup will become
very much more rigid as a result.
I myself do not ever grind back rake on tools
even when they are mounted flat horizontal. I've
found that this really is not needed in my
estimation.
A quick-change toolpost is a very nice addition
to any lathe, that is certainly true - but the
lantern toolposts do work fine if care is taken
to keep things rigid as possible. For a small
lathe this really means eliminating the old
fashioned tool holder.
Jim