
 Right you are.   
Just happened to see it and wondered how it worked.
Would be a handy addition to my lathe though.....if I could justify it.  

What would you do initially ? Using a turret or gang tool holder. Manually bring each tool to close proximity of the setter, then run the probe sequence ? From then on, it would know where to go to check each tool ?
Go ahead and make us up a couple.. 

 I only need 3 legs on mine. X both ways and Z-. 

Russ