Adjustment system for positioning a cutting insert on a cutting tool has a rotatable first rod with a surface having a plurality of flatted areas arranged radially, each at a different radial distance from an axial center of the first rod relative to a sequentially adjacent flatted area, a translatable second rod with an axially tapered surface, wherein a face of the first end of the second rod contacts one of the plurality of flatted areas, a biasing element positioned to exert a force to bias the face of the first end of the second rod to contact the flatted area, and a translatable push pin, wherein a face of the first end of the push pin contacts the tapered surface and wherein a face of the second end of the push pin operatively contacts a cartridge mounted on the cutting tool and in which the cutting insert is seated.