The tool needs to be angled suitably for maximum performance Lynne. In other words when bar turning in the normal direction the tool should be angled towards the chuck. This is to reduce the effective depth of cut. I don't usually rotate it by 30 degrees so that the cutting edge is square to the work as it would be if a bar turning tool was being used.
I'd say I generally angle it around 1/2 of that and also use it just pointing forwards.
To face a shoulder it needs to be rotated more than 30 degrees towards the shoulder and also when facing the end of the work. The tip rad if I remember correctly is 0.7mm so when a shoulder is faced it can be plunged into the work to remove the radius that would be left avoiding having to fit a grooving tool of some sort most of the time.
The basic shape is a very old idea that was often ground on HSS toolbits but with a more acute V. Usually called a general purpose bit – the one to use for a mix of things. These will even cut both ways even though rake is negative going in one direction. It isn't on the indexed inserts.
The only penalty really is facing – it can be difficult to get the tool edge anywhere near square to the cut when facing the end of work so only a little can be faced off per pass unless the tool is reversed in the holder. They also don't seem to like facing from the centre out. A common trick on larger lathes to get nice shiny ends. Due to the cutting edge angle to work the depth of cut is increased rather a lot so the extra force takes out play in the machine.
Maybe I am biased. I was trained as a toolmaker and while that was going on 99.9% of my turning making all sorts of things was done with this style of tool even though it takes a lot more grinding than the usual bar turning tool.
Looking for another set has proved interesting. There were loads on ebay when I bought the current ones. Not so many now but I did find a decent looking set eventually – Rotagrip and they don't list them on ebay. The set looks expensive but also includes a boring bar that uses the same tip plus 2 torx wrenches. As a company they have been supplying round here in the Midlands for a long long time including when there were a number of very large industrial companies about so it doesn't surprise me that they are fitted with torx even though that sort of user probably wouldn't buy them. As the tip heights are the same on all of the holders they can be swapped easily once the toolpost is set.
John
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