Abstract: A replaceable insert cutter comprising a cutting body, a plurality of insert pockets in the periphery of the body, each pocket having an insert back locating wall establishing insert circumferential position, a V-shaped support seat establishing a radial and axial position of the insert in a radial threaded screw hole extending through from the V support seat, a cutter insert mounted in the pocket having a back surface engaging the back locating wall, a V base of the insert seated on the support seat, a screw hole and screw extending radially through the insert and retaining engagement with the threaded screw hole, and a radially outermost cutting edge facing circumferentially away from the back surface.