Cutting tool having insert pocket with cantilevered member

A combination cutting tool and cutting insert, comprising:

• a cutting tool having a central, longitudinal axis comprising:
• a tool body including an insert pocket with a bottom wall, a rear wall and at least one side wall;
• a cantilevered member extending from one of the walls of the insert pocket;
• and
• an adjustment screw for exerting a force against the cantilevered member;
• and
• a cutting insert mounted on the cantilevered member, comprising:
• a top surface, a bottom surface, and a plurality of side surfaces, each side surface including a first pair of chip grooves extending perpendicular to a central, longitudinal axis, and a second pair of chip grooves extending parallel to the central, longitudinal axis;
• and
• a plurality of primary wiper cutting edges formed at an intersection between each of the first pair of chip grooves and the top and bottom surfaces,
• wherein the adjustment screw exerts a force against the cantilevered member to selectively adjust a position of the primary wiper cutting edges of the cutting insert with respect to the central, longitudinal axis of the cutting tool.

A method for selectively adjusting a position of a cutting insert mounted on a cutting tool, the cutting tool including a tool body with an insert pocket, the method comprising:

• machining a cantilevered member into the tool body such that the cantilevered member extends into the insert pocket;
• mounting the cutting insert on the cantilevered member in such a way that the cutting insert is entirely supported by the cantilevered member;
• and
• exerting a force against the cantilevered member such that a position of the cutting insert is selectively adjusted with respect to a central, longitudinal axis of the cutting tool.