Made a new tool post.

Now that I have my mill I can make the slot needed in the tool post for the bit.

I bought a new 5/16 tool bit thinking it would fit my stock tool post.  It fit, but was about an 1/8" higher than center. I was very surprise to find out that I hit perfect center and didn't need to shim the bit. New tool bit is beefier as you can see.

Freshly made tool holder on left, stock on right. The 5/16 tool bit on left is much beefier than the cheap Asian 1/4" tool bit on right.