Looks like the clamp let go, or loosened off, which would perhaps indicate that the cam on the clamping spindle is not going over centre enough to provide a tight fit. POS!! Glad to hear you are on the mend OuBallie!
The material looks like a piece of crap ! You could have made a sleeve to fit the top slide bolt, that should be a tight fit in the top slide any way, secured with an anti rotation pin. Carbide inserts work best when speed is in high range & doc is 0.5 at least, if not more. Inserts need to be worked hard to get best results / finish.
George.
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