Not so sure – a lot of time time the rake can be built into the tool holder itself. No the rake angles are not redundant
I use negative rake tips a lot, and they are not designed for use in cast iron, though they are good in that, and excellent in copper and bronze/brass. Even better is the way they send the chips away from you!
Actually one can get tips with all sorts of rakes on them, though its true that the tips most suitable for the smaller lathe are positive rake. (though I have some excellent small Stellram non ISO boring bars in negative rake) However the CCMT tips are expensive because you only get 2 edges, (plus 2) for your money, whereas the negative rake W series give you 6.
For the amateur is it well worth using negative rake tips for parting off.