Indeed. I designed a tool mount for the LR3 with floating Z (using a short linear guide), its own end stop switch, etc, and it works great. I made a full video series about, and shared it all in my plasma build log here in the forum. I shared the printable files for it on Printables.com. I think at least some others have downloaded and used the design.
Based on this photo, I think that Andy @Otee used my design, albeit he tweaked things as needed for his situation.