It really depends on what you are after. You have seen mine, it works for me, however, I will probably loose the magnetic strips and creat some kind of grove for the steel to slip into instead. A couple other ways that I have seen and considered: A rolling cart with the tools upright simular to my wall mount, a simple holder that attaches to the ways at the end of the lathe, a built in system for under the lathe. I have some magazines laying around with a few plans as well, I'll try and find them and give you a call this week.
A couple links to check out:
http://www.woodstore.net/swlahopl.html
http://www.woodmagazine.com/woodworking-plans/jointing-and-planing/lathe-tool-holder/
http://www.whisperedimages.com/component/page,shop.product_details/flypage,shop.flypage/product_id,20/category_id,8/manufacturer_id,0/option,com_virtuemart/Itemid,39/
http://www.woodturningonline.com/forum/viewtopic.php?p=6143&sid=78fd825f894ceb5472539668408ba7fb
http://www.youtube.com/watch?v=hRvvH0UW1hE&feature=PlayList&p=E1E907A65FF342CF&playnext=1&playnext_from=PL&index=55
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Life's short, turn fast!
Dave