Right. If you have only one number 001 turning tool holder, you really are no better off than with the original lantern tool post. If you need to change to a different cutter, you have to set it all up (get it on-center) before you can use it. I have an AXA on my 12" and have 8 or 10 #101 holders already set up with some type of cutter including beveling, grooving, etc. When I need to change cutters, I grab the holder that already has the cutter set up in it.