I don't use a 4 way, other than when I had one on my little Simat.
I'm with John, if you want to go down that type of route I'm suggesting a 3 way Lammas, though for a slightly different reason.
I'm not familiar with your lathe, but have a look at the clearance on the front of the tailstock. If you're using any particular tool in a 4 way, (for turning towards the headstock) will the next tool, in the 4 way, clockwise foul on the front of the tailstock if you're using it for support? If it does, you've effectively just made a 2 way toolpost, as you can't easily use 2 of the slots.
For my Myford, I went down a different route. Essentially a vertical cylinder bolted to the topside. several solid blocks of metal with a corresponding bore to clamp to the cylinder, and either slotted to accept knife/insert turning tools or drilled to accept boring bars.
Really just blocks of metal bored to suit the cylinder, then split with a slitting saw, and a simple clamping bolt to lock it solid.
A single vertical through hole tapped M6, with a setscrew fitted, allowed for presetting the height for each tool.
Cheap and cheerful, pretty rigid, and it worked/works for me.
Very similar to this, (post 15 second photo) though mine were even simpler, just using a slot, rather than a square hole, or a round drilled hole for a boring bar.
I did also have some carbide insert tipped tools which had too big a shank to fit a conventional slotted toolpost; it would have raised the cutting edge above centre height, if I'd left enough meat in the metal at the base of the slot.
Rather than broaching/filing a square hole, I cheated; I milled a full rebate and welded in some thin angle iron from an old bed frame to complete the other two sides of the square hole.
Hardly conventional, but I was never trained in the "correct" methodology. 
Bill
Edited By peak4 on 03/02/2019 01:21:21