Hi Doyle
You said you have done your research and probably came across all the features this tool offers, making this tool should be a fun and educational exercise for you and worth the time invested in it but be aware this design is not the one size fits all cure for tooling.
I have used the tangential tool holder for about two years now and it sits always on one of my lathes ready for quick work that springs up. One of the negatives I find is sometimes it does not give the best finish on some materials, but then I have to switch to HSS.
Its a great tool for people who are just getting started as it will work for more than most of jobs and sharpening is a synch, I just lap it over with my diamond impregnated finger lap three or four strokes and its done.
Saying all that, it will work fine at a 70* spread angle but then it gets clumsy after that, then you have to use the regular R/H L/H tool holders or hand ground tooling.
To sum up it works fine for most jobs but eventually you will have to learn about HSS tooling or Carbide tooling.
Hope this helps…. Anthony