This came with my lathe. I was told it came off a SB y25 I think he said. I had to raise it. It's solid as a rock but I would prefer a block spacer.
I'm learning here so bear with me but what tooling do I have? The cutters were made from 3/8 stock.
"Block" or solid spacer is correct. Essential, really.
"At the moment..' what you have is a suicide kit for a nasty crash.
First: A(ny) 4-Way.. or any OTHER TP ... needs to have solid basing right ON the top of the cross-slide OR - second-best - the top of a compound rest.
I see "daylight" of a POST instead.
So it can and it WILL "tilt". If no mill, you can use the lathe itself to "face" a rectangular plate in a 4-Jaw or a larger round disk in a 3-Jaw to the needed rise/thickness.
Second: Do NOT try to secure a(ny) cutting-tool with but ONE setscrew...except those in a boring-bar..where you may not have a choice.,, but "usually" DO have a full-surround mounting.
SEAT them firmly in the side-slot of the 4-Way. Then use all the set-screws as will bear. I like wedges. So I don't need as many shims. But a stack of shims to adjust tool-tip height is not REALLY a "Big Deal", either.
Used-but-good 4-Ways are cheap enough - from all the noobies putting a "QCTP" onto light/medium lathes before they have even finished tearing apart to paint it and lose half the parts, n'er to go back into use.. that I can own "many".. swap the entire 4-Way with the tools still in it, stock a modest collection of shims, but have ZERO spend on QCTP "tool holders".
Third: Do NOT hang a(ny) cutting-tool the least amount further out than the minimum it needs to clear the "features" on the work.
ANY Toolpost, the closer you can get to ZERO hang out, PLUS .. the closer the tool-tip is to putting cutting down-force directly OVER the pivot of the compound (if any..) the safer and smoother the cut.
Hand-ground cutting tools are whatever shape some prior craftsman was used to for HIS work. He could as easily have been a fool as a genius.
Buy a collection or two of used ones.
"Observe"... then experiment.
It will save you time as to learning what works for YOUR needs faster than you can otherwise "try stuff" on your own.
Sharpening an already SHAPED cutting tool is quick.
It is the shaping of them from the virgin blank or re-shaping from a different and unrelated shape - that is slow.
Used, ergo "pre-shaped", HSS/Cobalt cutting tools may have as much precious TIME stored in them as they have potential sharp edges left to generate and put to work. Which is a LOT of edges, BTW.
Inserts OTOH are meant to be consumables. Recycled. AND NOT re-sharpened.
Carbides? There is TOO MUCH for you to learn in a lifetime.
Follow the lead of "exkenna". His JOB was solving other people's insert problems.
You get more than his personal 30 or 40 years experience out of following his lead.
You get about 300 years of cumulative experience:
His own.
And that of the customers he served that shared-back THEIR experience.