To install a tool, first clean the holder, then tighten the bolts. The tool post is secured to the compound with a T-bolt. The tool holder is secured to the tool post using a quick release lever. In order to move the cutting tool, the lathe saddle and cross slide can be moved by hand. There are also power feeds for these axes.
Procedures vary from machine to machine.
A third axis of motion is provided by the compound. The angle of the compound can be adjusted to allow tapers to be cut at any desired angle. First, loosen the bolts securing the compound to the saddle. Then rotate the compound to the desired angle referencing the dial indicator at the base of the compound. Retighten the bolts.