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Greetings Bob,
I used to work at a place that had a tailstock turret. I trhough it
would be pretty neat for center drilling, drilling, and then reaming.
But not so much. This is because it takes a long time to move the
tailstock or the tailstock quill. So I instead put the little turret
into a QC holder made for holding cylindrical tools like a boring bar.
I usually have my tool posts set parallel to the Z axis on the lathe
so all I had to do was go the the right setting on the lathe
crossslide dial and drill away. Using the turret with the QC toolpost
made it very useful.
Eric

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Eric, This is a very good insight. I'll try it the way it is intended, and
then I'll consider options for QC mounting and quick alignment.