Hi Michael, the tool is probably a chrome moly at around 30 RC. It doesn't look like it has had any heat treatment other than the blueing as I can touch it with a file. The post is a nominal 12mm in diameter with a 0.03mm clearance on the hole. The pin is a precision ground dowel at 3/8" diameter and 2 1/4" long. As I mentioned in the Video I've given this tool an absolute hammering over the years and has not failed me once. I cannot see any visible deformation of the "post" from the dowel locking onto it.
Hi Nick, no a diamond tool is certainly nothing like a slotter. I had a number of requests during the "Powered Lathe Slotter" build series to give a description of how it works and how it is put together. I included this description as part of episode 21. As I mentioned, it is extremely versatile and very quickly adapted to suit both left hand and right hand turning, facing, counter boring up to 5mm deep and even thread cutting, all without having to touch the tool post. I find that sometimes a build series like this can get a bit dry and even a bit boring at times, so its good to throw in some other content. I'll be putting a short session together on 3D modelling, coding and 3D machining shortly on a curved spoked flywheel for a small Stuart Turner engine Emma from Emma's Spare Room is building.