Admittedly, the Manchester holder in the following pictures is probably more than you need, but it does illustrate some important points, mainly the rigidity of the tool itself. When I first started using inserted holders in the early '90's, it was an Iscar blade, holder and inserts, the very basic style. The blade was/is adjustable for stick out in the holder, but the biggest problem I had was the seating pocket and the insert. There was no positive stop on how far in the pocket seat the insert would go. I think that problem has been solved in the evolution of that particular style, and it is probably the most common insert holder available at reasonable costs. I bought the Manchester holder set, because at the time I was running a lot of production on turret lathes, and the Iscar style was causing all sorts of problems, from short insert life, damaged blades, push back in the pocket seat, etc. As a result of the experience with the Manchester tool, all my lathes got that type of holder. At the time I had seven lathes, including the turret lathes. It was a sizable investment, that I don't regret.
The type of Manchester holder is in their Seperator line, the largest I had were the 3" size for the 16" Monarchs and the #5 J&L turret lathe, and they were sized for the machine, as were the others.
The holder I took pictures of today is the 2-1/4" size on my 12" CK on the CXA toolpost, and I did check the 2012 price in the MSC catalog, approx 280.00. The little Manchester holder I use on the EE is about 100.00.
The insert poscket has a prismatic groove for the insert. Notice that the blade is thinner than the inset, and the insert is wider at the cutting edge and tapers back. It also forms the chip into a narrower width to get out of the groove.
The wear mark on the blade's side is because I had the reset the compound rest, or the toolpost incorrectly
Harry