If your vice has vertical jaws and will securely and squarely hold the part then there are dozens of reasons why you may want it in the future they just haven't made themselves known to you yet.
I have used tool holders on my tool post as a vice many times this also affords me a limited amount of vertical adjustment as well or clamped a larger part to the tool post itself with a good "C clamp
they are great for finishing out an 80% lower if you don't have a mill or other suitable ridged machine to spin the spinny tool as you called it

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