First of all whether you own, rent or are borrowing a lathe of the hobby caliber do not spend the money on Alloris. Leave that stuff to the folks that make their living from machining. I mean, holy crap, they think their stuff is made from Un-obtanium or something! Typical Chinese import junk (CDCO) will serve you well, just be prepared to do some minor modifications to the holders if they don't fit quite as well as you would like. I had to sand/grind the last few holders because of poor quality control. That being said, remember QC tool holders are totally adjustable so once you have them fitting you adjust them and your done.
More important (in my humble opinion) is your tooling. Buy well made tooling (American). If your using index-able go with the best American made you can afford. Carbide is not carbide...there is a big difference in quality. Unfortunately the industry has little control of the insert standards yet. Hopefully that will change in the future.
I had a nice chat with Andy (CEO of Borite) today and he was lamenting over the lack of industry standards regarding tooling.. I don't work for them, nor do I get any compensation from them... all I can say is their stuff is American made right in Michigan, USA. and the CEO was willing to school an "Ol.Fart" about index-able tooling free of charge. How can you argue with that? We actually had a few laughs together discussing how little I know about operating a lathe.
TL