You can use 10mm tooling in the ML7 4-way toolpost if you machine about .030" off the base of the toolpost to bring things back down to centre height. This can be done either by holding a milling cutter in the chuck and packing up the toolpost and milling the bottom of the slots the tooling fits into. Or, easier, if you have a second tool post of some sort, hold the toolpost in the four jaw chuck and face .030" off the bottom surface that normally sits on the cross slide.
But if you are using HSS, it's easier to use 8mm(5/16" ) or even 1/4" (6mm) because it takes way less time to grind up a toolbit than a piece of 3/8 or 10mm.
As a beginner you should learn how to grind your own HSS toolbits. It's an essential skill. Sooner or later you will need a special tool that can't be bought. Plus HSS gives a better finish in these small lathes.
Edited By Hopper on 10/11/2018 23:07:45