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I have made plenty of solid tools, but recently noticed Pro/E will pass insert geometry to Vericut as long as the insert model has "VERICUT_TYPE"= INSERT and an "INSERT_CSYS", yet something is missing in my Tool assembly, some nuance I'm probably missing.
I also tried this, but finally I found it useless. I only use solid milling tools. For tools with inserts, I only draw the profile and use it as a standard cylindrical tool. I have a tool similar to yours (it's a Seco Aeromaster) which I modeled this way.