Kane,
Had the same problem when I foolishly bought a replaceable tip holder which was too thick so couldn't drop the tool holder down far enough to get it on centre before it bottomed on the top slide.
I milled a few mm off the BOTTOM of the tool so it lowered the tip in relation to the holder, no problem milling, solved the problem.
My quick answer to the tool post spanner dilemma was to use a box spanner with a permanent tommy bar fixed in it, and the unused socket on the other end of the box was sawn off!
Imperial box spanners are like gold these days, but an 18mm will be a snug fit, especially as the tool post nut is extra long.
Phil
Edited By Robbo on 29/03/2013 12:08:01