Yes, this rack is done. Sort of. I mean, I finished cobbling it together, and it works, but it needs some tweaking. The bottom rail needs to be moved up a bit to give the chisels a bit more force inwards, for one thing.
Additionally, the 5/8" bowl gouge (second from the right) actually touches the wall when it's in the rack. This is sub-optimal. Another obvious issue is the little 1/4" spindle gouge, which looks ready to fall right out of the rack, though in actuality it's probably more solidly placed than any of the others. I think I'll make a couple of 'bushings' to adapt individual pockets for the two tools that don't fit right, then it should be golden.
This, of course, is only the first of a series of storage devices that will be required for the lathe. I need to store tool rests, chucks, centers, and all manner of goodies. Can't wait. :)