So far as holders are concerned, I'd get several more plain holders, a vee notched holder for boring bars and a morse taper holder for drilling. The parting tool shown in the holder is not the proper height for the holder, it needs to be taller. I have collets for both my lathes, but they are odd ball types that came with the lathes; I would choose 5C collets for a lathe, as they are so common and can be be bought at reasonable prices, and they fit all sorts of other tooling fixtures. I have never liked insert tools for threading, they break all too easily and are not cheap. Aloris makes a HSS threading tool and holder that sharpens only on top, lasts for many years, and is adjustable for helix angle and comes in different pitch ranges plus acme pitches, I use them for all my threading jobs unless there are a lot of parts, then I use a die head such as a geometric or J&L.