I recently installed an AXA size QCTP on a Shop Fox M1049 lathe. For reference, I purchased the tool post kit from Precision Matthews.
I installed mine by pressing out the stock tool post bolt, then drilled and tapped the hole in the compound to accept the M14x1.25 tool post bolt.
I didn't have the correct size tap so I bought one for $11 at a local NAPA Auto Parts.
When I was done, I drilled (9/16") the original 4-way tool post to fit the 14mm post on the quick change.