A device adapted to be coupled to a machine for cutting and burnishing a surface of a work piece, said device comprising: a body including a proximal end adapted to be coupled to the machine for rotating said body about a longitudinal axis and a distal end spaced from said proximal end along said longitudinal axis with said body defining a cavity along said longitudinal axis; an actuator disposed in said cavity of said body and including a first end adapted to be coupled to the machine and a second end spaced from said first end with said second end adjacent said distal end of said body and said actuator being rotatable about said longitudinal axis concurrently with said rotation of said body and movable along said longitudinal axis between a first position and a second position; a first modular insert coupled to said actuator when said device is in a cutting mode with said first modular insert movable radially relative to said longitudinal axis between a retracted position when said actuator is in said first position and an extended position when said actuator is in said second position; a second modular insert coupled to said actuator when said device is in a burnishing mode with said burnishing mode being different from said cutting mode with said second modular insert movable radially relative to said longitudinal axis between a retracted position when said actuator is in said first position and an extended position when said actuator is in said second position; a cap movable between an engaged position coupled to said distal end of said body and preventing removal of said first modular insert from said cavity when in said cutting mode and said second modular insert from said cavity when in said burnishing mode such that one of said first and second modular inserts (60, 68) remain coupled to said actuator and a disengaged position spaced from said distal end of said body and allowing independent removal of said first modular insert from said cavity when in said cutting mode and said second modular insert from said cavity when in said burnishing mode for uncoupling one of said first and second modular inserts (60, 68) from said actuator; and, a support coupled to said second modular insert and having a burnishing member wherein the support is moveable with said second modular insert radially relative to said longitudinal axis between said retracted position and said extended position; and, the device comprises a biasing apparatus coupled to said modular insert and engaging said support. a body including a proximal end adapted to be coupled to the machine for rotating said body about a longitudinal axis and a distal end spaced from said proximal end along said longitudinal axis with said body defining a cavity along said longitudinal axis; an actuator disposed in said cavity of said body and including a first end adapted to be coupled to the machine and a second end spaced from said first end with said second end adjacent said distal end of said body and said actuator being rotatable about said longitudinal axis concurrently with said rotation of said body and movable along said longitudinal axis between a first position and a second position; a first modular insert coupled to said actuator when said device is in a cutting mode with said first modular insert movable radially relative to said longitudinal axis between a retracted position when said actuator is in said first position and an extended position when said actuator is in said second position; a second modular insert coupled to said actuator when said device is in a burnishing mode with said burnishing mode being different from said cutting mode with said second modular insert movable radially relative to said longitudinal axis between a retracted position when said actuator is in said first position and an extended position when said actuator is in said second position; a cap movable between an engaged position coupled to said distal end of said body and preventing removal of said first modular insert from said cavity when in said cutting mode and said second modular insert from said cavity when in said burnishing mode such that one of said first and second modular inserts (60, 68) remain coupled to said actuator and a disengaged position spaced from said distal end of said body and allowing independent removal of said first modular insert from said cavity when in said cutting mode and said second modular insert from said cavity when in said burnishing mode for uncoupling one of said first and second modular inserts (60, 68) from said actuator; and, a support coupled to said second modular insert and having a burnishing member wherein the support is moveable with said second modular insert radially relative to said longitudinal axis between said retracted position and said extended position; and, the device comprises a biasing apparatus coupled to said modular insert and engaging said support.