I've been using CCGT/MT inserts for a while, they work great on a mini-lathe.
I was probably pushing 3 thou DOC when parting, which is quite a chip with a 3mm tool.
At full diameter that's ~0,7 cubic inches per minute, which would be the limit for plain carbon steel with my 0.5hp motor, although EN1a is an easier proposition and as soon as the cut starts the diameter is reducing together with the removal rate.
I've achieved a sustained rate of removal of over 0.5 cubic inches per minute on plain turning (that made blue chips!) I think I've shown the pic below of a 3mm cut. Normally I'd use a shallower DOC (1mm) & 4mm feed at ~1100 rpm for rapid stick removal.
It all shows that a properly set up mini-lathe can pretty much use all the available power when used with carbide. Bit like the bumble bee that can't fly 
Neil
