I’ve never looked at the construction of my rear tool post – it was already fitted when I bought the lathe. It just works – I just turn on the power feed and watch it part off. All I have to be very careful about is ensuring the power feed does not run out of travel (something would break, operating in that direction). This only important with minimum cutter overhang as the tool post is set at the rear T-Slot on the cross slide.
I’m not trying to be critical of the job but there are few better points with mine, viz:
It has a flat base – I re-align it after shifting it (no great hassle) but it is relatively easily turned 90 degrees (for extra space) on occasions (complete removal from the lathe is a relatively rare event). The top securing nut has a handle, so facilitates this with ease.
The second base fixing is by cap screw to a T-nut in the same slot as the main hold down. Presumably there is more than sufficient adjustment when re-aligning the tool post.
That cap screw is not counter-bored, but is out of the way – I would suggest a suitable cap screw, counter-bored, in that toe clamp would look better than a stud sticking up (but the hex would fill with swarf). Certainly not an important change and won’t get in the way while cutting.
Mine has cutter holder just like that shown by hopper (on page 5?). I just loosen the clamp and slide the blade in or out as required. The blade is simply removed and sharpened on a grinding belt when it gets dulled. I have a spare blade if/when this one wears away.
Those clamping screws, for holding the cutter holder, reallyn need the threads removing at the ends – or they may spread and damage the female threads if removal is required in the future. Also those screws look quite marginal on length, although they are tightening just enough…
I expect my actual tool post is made up of only two main parts, possibly shimmed apart, for original centre height adjustment (but likely surface ground when made?), along with the one machined slot (for that tool holder) plus associated holes and fixings.
I am probably lucky in that, while I like to repair breakages, I do have a relatively abundant supply of larger sections of some materials. I wouldn’t have bothered to repair that one – the chunk would not have gone in the scrap bin, mind. But all good practise to find the limits of repairing things, I suppose.