Hi Chris,
I thought I would let MGJ have first “dibs”, now I shall add a few comments.
You ask if it is worth it, to be fair the answer is both yes and no. If you can spare the time, maybe a couple of hours, then make one yourself, it’s much more satisfaction inducing. If cash is a bit short, again make one yourself. I would quite understand why if you can afford to buy and your time is more important to you for other things, then it is no sin to buy.
The important thing is that you get yourself one, there is not one person I have shown the tool holder to who has not been impressed. Correction, there is not one person I have demonstrated the tool holder to that has not been impressed. The video for the commercial item is not “hype” or something that takes years of practice to get right, it would work first time every time. As John says get the thing cutting on centre height, this is so easy to do just slide the tool up or down in the holder.
The mentioned screw cutting ability is particularly good, but with a proviso, that is going up to a shoulder or threading near the chuck. I made a different holder that over comes this problem and one day i will write it up, if there were to be enough interest.
This tool when used for thread cutting benefits from the offset top slide method, combined with a cross slide stop.The offset method makes it cut on the sharp edge., which then cuts beautifully cleanly.
When you get your tool you will find that a standard grinder tool rest is adequate to sharpen a tangential tool, but a proper grinder rest will be of great use for other things.
To sum up, if you can spare the time to make a grinder rest, then you can spare the time to make a tangential holder, too. If not , yes, it is worth buying even at that price.
The good book is wrong to say that “pride” is a sin, you can take pride in doing something well, without fear of going to Hell. So make one and feel proud!
Note to MGJ, that holder is only on loan till I make you one of the upgraded ones, without the annoying screw, which will then be yours to keep.
chriStephens