I got a Chinese 1/2" carbide insert tool bit holder for my lathe (parting tool actually), unfortunately it sits about 2mm (.08") too high from the centerline even with my AXA tool holder cranked all the way down. Before I dull or break my endmills thought I'd ask if these cheap tool bit holders can be milled down with HSS or Cobalt end mills? If not, what's the best way to mill it fairly flat? I have a bench grinder, 1" belt sander with a 5" wheel as well as a Dremel flex shaft toolpost holder for the lathe. As I'm thinking about it may be holding the tool bit in the 4 jaw chuck and using the Dremel flex shaft with an abrasive wheel would be better? IF I can hold it in it the chuck somehow.