I don't quite understand.what are the two holes for?You may like this Mark, I made some collet holders for the 2j. Made a hex and a square. They work great. Anyways, Found myself needing to cut a fairly precise angle on a piece of round stock one day. I drilled and reamed two 1/4 inch holes, 2 1/2 inches apart in the square block. And with 2 very good fitting pieces of drill rod, I had myself a collet block with built in sine bar. It works great. Sometimes I just use it as a sine bar. Redneck ingenuity lol
My plan is to take a piece of 1" x 1/2" bar stock about 6" long and mill a slot in the center about .030" less than half the size of the square tool bit. Cut the block in half and sandwich the square bit in it. Put it in the 4 jaw and turn it round to 3/4" diameter all but 3/8" on the end. Then I can insert it in a 3/4" 5C collet to grind the square lathe tools. The square end is for alignment. With the tool head set at "zero", it use a small level to set the square end of the insert and then just set my angle as with any other tool using the index head. I can whip this up in about an hour (as soon as I find some CRS).