Yes, indeed it is, Bill. One difficulty with a boring bar as shown in the clip is the need to have cutters which are properly shaped on the inside – which those sold for boring heads generally are not. Also, you need to be aware that the head part of the boring head is threaded and screwed onto the taper part. This makes using such a device backwards fraught with disaster, as the intermittent cut is likely to unscrew it.
Both designs of cutter I describe have sensibly shaped teeth, although in practice they are not all 100% true to the tail on which they are mounted. So, one tooth can do most of the work, which is what you have with the boring-head method anyway. A further advantage is that when the 'main' tooth becomes worn or chipped etc, you can grind it away and still have the others to do the same job.
To generate a sphere the cutter size inside needs to be smaller than the diameter of the sphere, and should trace a line over the whole area required. For a knob as are used on many lather controls (Myford etc) the cutter needs to be tilted so that the inner edge crosses the axis of the rotation of the work. A few sketches will enable you to work out what will work for the size of sphere and the radius of the finished bar, leaving an internal corner to be blended with a radius on a lathe tool.
Come back to me with a PM if this does not make sense, and I will send you a photo or two.
Regards, Tim