Made my first Tangential Tool to a set of drawings in an article in MEW, a long while ago. Was so impressed that I bought the Eccentric Engineering model. Sharpening is an absolute doddle, with only one face to grind, and a jig to hold it in the right orientation, for grinding.
Used almost all the time, except for hardened material, when carbide tips are necessary. The only carbide tips in regular use are CCMT0604 in a Boring bar, and the holder for the 100 degree corner, when the 80 degree corners in the Boring Bar become chipped. This is then used for roughing.
The parting tool used for almost all jobs is HSS. This blade must be over 20 years old, and still about half length!
HSS toolbits are ground up for any specialised jobs, like chamfering, screwcutting, etc
HSS seems to be cheaper in the long term, in that grinding is pretty easy, and nothing like like replaceable carbide tips.
Howard