Homebrewed & brino
I have been struggling with the angles, and then I went and took the Diamond Tool Holder off the Lathe and began to play with it so I could more appreciate the Tool bit and the required cutting angles.
Here is another person who has been working with a similar concept.
I found someone who has had a similar idea.
Tangential Flycutter -
https://www.hobby-machinist.com/threads/tangential-flycutter.32367/
To obtain the most from the Tangential Cutting tool the cutting force must be against the entire tool and not any of the edges.
This changes the entire view of how the tool interacts with the tool holder, in my idea, the flywheel.
The 12 degree tool angle, at the beginning of this thread is not how I now think I want to pursue.
The 12 degree tool angle is up from the work surface face similar to angle approach in the attached Tangential Flycutter thread.
This changes hot the tool bit clamping method.