Niels,
I am a bit confused about what you have said, but as a reply, there are a few retracting tool holders that plans can be got for, and they seem to do a reasonable job. I studied those plans before I embarked on the development of this type, from an idea off another forum. The plans ones just looked too complicated for the job they had to do.
The advantage of these swing up ones is that you can put the next feed cut on while it is going back to the start.
John Stevenson actually uses a thread chaser in his version, rather than a single point tool, and he says it does a wonderful job of cutting a perfectly formed thread.
John