These tools are available as insert holders and inserts but tend to be industrial prices that may exceed your budget.
A simpler home shop tool can be made similar to a boring bar with an inserted piece of HSS or carbide ground to suit. If the the cutter part is put in at an angle it can go close in to a shoulder. I think I have seen a YouTube video of someone making one.
Search for SNL0013M16 online
Martin C
Edited to add the designation
Edited By Martin Connelly on 08/02/2022 08:28:33