Bear in mind that tool holders from one make of QCTP may not be interchangeable with similar looking ones from another. And you need to choose the right one for your lathe.
A recent post on here showed someone who seemed to have fitted too large a one to the lathe and then had problems setting up tools.
So research carefully before you commit to a purchase.
I have used 4 way toolposts, on various lathes, for over 40 years.
(And made them for other folk) WHY?
1) I would not have space to store at least ten tool holders for the various tools.
2) Changing to a QCTP would involve in spending money, which cannot be justied as a good return on the investment. (Cost vs benefit)
3) I find a 4 way post adequate for nearly all my needs (Even made a rear toolpost to carry front and back chamfer tools and a parting tool). So can accomodate 6 tools without the need for a change. Tools only changed for Knurling or radius tiurning.
I have been told that a QCTP is not quite as rigid as a 4 way (Understandable given the extra interfaces, overhang, and that it is is unlikely to be quicker changing tools than a four way.)
A less rigid tool will not withstand as heavy a cut as one more rigid. The greater the rigidity, the better the accuracy and finish.
There were good reasons why a highly respected model engineer designed, made and used, the Gibraltar toolpost
Is time really that important? It will be for industry where time is money, but we are hobby machinists. Will it really matter if the loco is finished a week later than originally planned?
A friend spent twelve years making a gold medal winning loco, so a week would be neither here nor there.
So, IMO the costs cannot be justified on the grounds of time saving.
But each to their own.
Howard