A material removal tool, comprising: a first end and a second end, wherein the second end is a mating end adapted for attachment to a machine tool, and the first end is a distal end relative to said machine tool when the material removal tool is mounted on said machine tool; a housing body including a connector at the mating end; a piston head in an actuating chamber internal to the housing body; a translating bar including an actuation surface; and a first flexibly mounted cartridge on an active portion of the material removal tool, the first flexibly mounted cartridge including at least one seating pocket for a cutting insert, wherein the translating bar includes a first end operably connected to the piston head to axially translate along an axis of the material removal tool between a first position and a second position when the piston head translates, wherein in the first position, the active portion has a first active volume and a radially outermost surface of a cutting insert seated in the seating pocket on the first flexibly mounted cartridge is radially inward from the first active volume, wherein in the second position, the radially outermost surface of the cutting insert seated in the pocket on the first flexibly mounted cartridge is radially outward from the first active volume, and wherein the actuation surface includes a cone or frustum, wherein an axial position of the cone or frustum along a length of the translating bar corresponds to a position of a push rod in operable contact with the first flexibly mounted cartridge, the material removal tool further comprising a first delimiting structure and a second delimiting structure adapted to limit the translational travel of the translating bar, characterized by the second delimiting structure constituting an adjustment assembly arranged at the distal end of the material removal tool, the adjustment assembly comprising a contact surface adapted to be in contact with the translating bar in the second position, and wherein the contact surface is movable along said axis by adjustment of the adjustment assembly. a first end and a second end, wherein the second end is a mating end adapted for attachment to a machine tool, and the first end is a distal end relative to said machine tool when the material removal tool is mounted on said machine tool; a housing body including a connector at the mating end; a piston head in an actuating chamber internal to the housing body; a translating bar including an actuation surface; and a first flexibly mounted cartridge on an active portion of the material removal tool, the first flexibly mounted cartridge including at least one seating pocket for a cutting insert, wherein the translating bar includes a first end operably connected to the piston head to axially translate along an axis of the material removal tool between a first position and a second position when the piston head translates, wherein in the first position, the active portion has a first active volume and a radially outermost surface of a cutting insert seated in the seating pocket on the first flexibly mounted cartridge is radially inward from the first active volume, wherein in the second position, the radially outermost surface of the cutting insert seated in the pocket on the first flexibly mounted cartridge is radially outward from the first active volume, and wherein the actuation surface includes a cone or frustum, wherein an axial position of the cone or frustum along a length of the translating bar corresponds to a position of a push rod in operable contact with the first flexibly mounted cartridge, the material removal tool further comprising a first delimiting structure and a second delimiting structure adapted to limit the translational travel of the translating bar, characterized by the second delimiting structure constituting an adjustment assembly arranged at the distal end of the material removal tool, the adjustment assembly comprising a contact surface adapted to be in contact with the translating bar in the second position, and wherein the contact surface is movable along said axis by adjustment of the adjustment assembly.