Just an update-I bought this kit:
http://littlemachineshop.com/products/product_view.php?ProductID=3786&category= which comes with cutters, the AXA QCTP, and also a chuck, some boring tools, and also some cutters. Hopefully this will be enough to get me started and I can buy more when needed as I identify those needs.
I'm glad to see that LMS is including the post mount (adapter) with the AXA! I wan't even available several years ago.
Once you have the AXA mounted on your lathe, check that it is held securely and doesn't spin. If it holds securely without undue force on the nut, you're golden! If it does have a tendency to spin, it's because the top of the compound isn't flat. It can sometimes bulge upward around the post (especially on a used unit like mine, where a previous owner has reefed down on the tool holder).
The fix:
(1a) If you have a piston-type base, remove the pistons and adjuster from the AXA body ... rotate the handle until one of the pistons is as far out as it will go. Clamp a pair of long-nosed Vise-Grip type pliers on the edges of the extended piston, so it won't retract. Turn the handle until the other piston is fully outward. The handle and barrel can now be lifted out. Unscrew the socket cap screws from the piston faces, and the inner pistons and springs can be removed.
(1b) If you have a wedge-type base, just unscrew the adjuster out the top and let the wedges fall out the bottom.
(2) Replace the original 4-way tool holder on the tool post. Mount the AXA base in the 4-jaw chuck, bottom outward, and "approximately" centered on the hole. Machine the bottom to a depth of .010" to .015", to within about 1/4" or 3/16" of the outside.