Posted by Dr_GMJN on 03/04/2021 16:58:27:
So I've repaired the rear toolpost as suggested with some S275 steel, and M8 capheads:

Even though I can't tighten the M8s any more, a small gap appears when tightening the clamp screws – not unexpected I guess:

It works OK, but again, not the night and day difference I was expecting having read various accounts of using a rear post. I tried it on some brass bar. The parted-off bits have a pip on them, even though the parting tool is tapered slightly to to bit that's being parted – presumably to avoid this:

The centre height looks OK to me, and when I extend the tool to the centre, there;s no pip on the stock:

So all in all it works, but I wouldn't bother again – I'd just stick with the conventional front mount.
To be fair, a bit of brass bar is hardly any kind of test for parting off. The stuff machines so easily regardless of tool attitude or just about anything else. Try a comparison front/rear test on a piece of 1" STEEL bar and then a piece of 1.5" steel bar.
You'll get a lot more swarf jamming and micro-welding and dig ins and other unpleasantness with steel, which the upside down tool may help to alleviate.
Another thing is that when GH Thomas, Sparey, Duplex and co were extolling the virtues of rear toolposts, they had no choice but the old tapered profile HSS blades, which were prone to jamming on the sides of the groove with swarf. Your carbide insert is wider than the shank that holds it, providing that much needed clearance for swarf particles to pass through relatively unmolested. Also, it looks like it has a divot in the top cutting surface so curls the chip up narrower than the slot it cuts, thus avoiding more swarf jams.
Like the Eccentric Engineering T section HSS blade I posted a thread about recently, your insert tooling will work much better right way up than the old tapered blades.
One thing GHT and Co. got right was making their toolposts a heavy L section with two bolts through the foot of the L so the vertical body stuck out behind the cross slide, giving you an extra 1.5 inches of room there behind the job when not in use.
You could use yours as a quick removeable single bolt rear toolpost and just whip it on and off as needed. That's what I do on the old Drummond. Has been working that way since World War 2 or a bit earlier as far as I know.

PS
Seems odd that you have that gap opening up when you clamp the tool on your modified post. Unless you are putting massive torque on those clamping screws that should not be happening. I'd check that the silver allen screws are not bottoming on their threads prematurely. Also make sure the bottoms of the countersunk holes they sit in are properly square shouldered, not drilled at an angle with standard pointed drill bit. And then torque those silver screws up with a 12" piece of pipe over the allen key. Dont strip them, but make them damn tight. (As they say in Harley Davidson circles, do 'em up til they strip, then back 'em off quarter of a turn. )