Hi John
Only just found this thread - use an Orac with a toolchanger at work quite often. You shouldn't get any chatter problems - we have used it for 1mm deep cuts in EN24T steel and they came out beautifully. You mention shimming the tools - with a tipped tool the tip top should be level with the top of the tool body. With the packing plate in you set one tool to the correct centre using the adjusting set screw and then the rest should be fine - this should be pretty close to horizontal.
If I read it correctly you are missing the plate and having the toolholder at about 10 degrees of angle to get it on centre? Am I right? Might know someone with a toolchanger in pieces so I can try and get a drawing of the plate if you like.
Gotta go - limit switch problems on my mill

Cheers
Dave