If it is accurate, keep it! Same for toolposts; as others have said, sometimes the fancy QCTP is too bulky to get access in tight places, an example would be in turning crankshafts.I have this old blackpowder rifle. Should I scrap it?
Late to this thread and don't have much to add - ^^ This ^^BONUS: I have two tools for cutting wood in my lathe. they look similar, but by adjusting the angle of the tools I can use my softwood bit to accommodate differences in the wood grain, texture or moisture content. If that doesn't work well, I use the stteper cutting angle tool (hardwood tool) and adjust again. I get really good results because of this angle adjust ability.
Although that is true for any quick change setup, you are right, and good tool holders for a lantern are in sort(er) supply.quick change setups are expensive, partly because you need a bunch of tool holders