Hi Creations,
There are many ways and tools that can be used for determining the position of stock, but using a cutting tool is one I would not recommend.
A cutting tool is for cutting and I have more than once broken the cutting edge of a tool by lightly touching off a not rotating tool by accident.
CB does do tool offset compensation for cutting paths, as a CAM SW should.
But with the multitude of ways of setting stock positions, that is more a controller, lets say Mach3 for example, function, not something for CB itself.
Best,
Don