My advice is to make the rear toolpost from Steel. (My one for the ML7 was 2 x 2 box section, with platforms welded into place. )
Cast iron is strong in compression, but as you now know, weak in tension.
Remake your toolpost in steel and you should have no further problems.
If you are worried about the Tee nut, you can make it longer, with the key only just deep enough to engage in the T slot, say 1/8". It only there to prevent the nut from rotating and if it is over an inch long, should do so without risking damage the Cross Slide. Similarly, the key on the bottom of the post can be shortened so that it does not clash with the key on the T nut. IN this way, the nut cannot rotate and the post is located along the full width of the post.
OR
Locate the post with a dowel, fitting the T slot closely, at each end of the post and have a long T nut in between.
If you look in the album, at the underside of my toolpost base, you will see that it is located by a 1/4" dowel at each end, which bear on the rear face of the Cross Slide.
Location of the post has never caused any problems in at least 17 years!
If you want to ensure that the tool slot is square to the axis. Having machined the dowels holes, and fitted the dowels, and drilled the hole for the clamp bolt, Clamp the embryo post to the Cross Slide and flycut the front (Headstock ) face, before reversing and flycutting the rear face.
The rear face can then be used as a datum to mill the slot for the parting tool, before drilling and tapping for the tool clamp screws..
Howard
Edited By Howard Lewis on 08/03/2021 14:39:42