I second the Italian type QCTP. have found them to be more repeatable over the wedge types. It was not what I expected after testing 1 of each before settling with all QCTP tooling. I have all the same small QCTP on all my lathes. I made spacers etc so that any tool from any lathe is the same centre line height. No need to readjust the heights when changing machines. It also means that if I have a job and need a tool changed, I can set it's centre height on another machine then take it to the one I am using.
Another thing I did was modified the steady rest,and made up some plates with 40X52X7 bearings. So I have a Taig chuck to use as a steady rest, either the 3jaw ,4 jaw or the 4 independent. I also made a ER40 collet chuck as well .That has been used the most with delrin collets. Then I went mad and also made some delrin sleeves, but have only used one of the sleeves once. lol.
Making or buying a lever operated tailstock quill is well worth it, especially if you are drilling holes or tapping etc. Also great if you have one of those tail stock turrets as well.
For insert tools, I chose the 16mm triangle format like TNMG160404 =0.4 Radius .
For the 55 deg diamond tools I went for the DCMT11T304 =0.4radius
I chose these because they are very common in industry, a good price point, and most importantly there is a huge range of tip radius, and cutting geometry. So you can by inserts for ali,plastics,wood, right through to CBN and ceramics for turning very hard steels, like HSS.
Anyway, have fun in the learning.
Neil
Thanks, some good observations

I have now ordered both the Ridgid R2401 and the Kress FME1050 routers.
I`ve gotten some 1/4 round router bits, some straight router bits and some winged cutters for turning down wood.
I have also have ordered some indexable tools from AKKO with quality inserts.
I bought the 16mmx16mm ones.
I got the straight one, the 93,5 right angle and a few different boring bars and a cut off tool.
I have bought some decent drill bits, countersinks, reamers, taps etc.
I have bought lots of tips, rods of different materials and diameters etc.
So I`m slowly getting there.
Now I just need to, set every thing up, dial it in, buy some wood, joint pins etc and I`m good to go...
For ferrules I have the following in stock:
G10 green and black
Juma
Elforyn
Sabre-T
Black/brown canvas
Ivorylike
Ivorite III
Ivorine-3/4
For rings, butts etc. I have:
Black/brown phenolic
Elforyn
Juma
For tips, this is what I stock now:
Single layer:
Elkmaster
Le Pro
Triangle
Water Buffalo
Layered:
Zan Premium soft
Zan S,M,H
Zan Grip Max
G2 S,M,H
Kamui original clear SS,S,M,H
Kamui black clear SS,S,M,H
Moori S,M
Super Pro
All Tiger products
Molavia S,M
Jump/break:
Taom
White Diamond
Samsara
Mezz black ingot/sonic
Thats what I`ve got this far, still need lots of stuff, but I`m alrady repairing quite a few cues and the works just seems to pick up. So I`m pretty happy and feel that compared to my modest investment it`s looking pretty good
