Echoing what has already been said, learn on free cutting mild steel (copper based alloys can be difficult)
Carbide will work well on older machines at low speeds, and produce good finishes, but usually needs a little experience to do that. (I use moulded carbide for roughing and boring, HSS for finishing, but that’s just my method of working. Either produce acceptable finishes).
The swarf doesn’t have to come off thick and blue, although that is why industry, with heavy high speed machines use it. Hobby machines lack the rigidity and speed for those sorts of metal removal rates.)
Carbide tips with a M in the code (Such as CCMT0604) are moulded and have rounded rather than sharp edges, The G on a code signifies a ground, and therefore sharp edge.
As a learner, FWIW, grind HSS, with clearance angle of about 5 degrees (Don’t be excessive, that weakens the cutting edge and encourages rapid wear) It will work and you will learn.
The tool must be sharp, and set on centre height.
For a good finish, light cuts and slow feed. 0.002″ per rev feed will produce a 1250 tpi helix. The depth will depend on what cut you have put on. With a properly ground tool, on centre height, you could take just 0.0005″ a side, that combination should produce a good surface finish.
If it doesn’t examine everything carefully.
Deep cuts and high feeds are for roughing, at the expense of tool life.
Surface finish can be improved by stoning a SMALL radius onto the tool edge
Part of the learning curve is to become adept at rotating handwheels slowly and steadily (The chances are that you can only arrange a power feed on your Myford for turning but not facing; so you need that skill anyway.
Setting up a power feed entails more learning, to work out the ratio between chuck and leadscrew.
Best left until you have become a little more skilled in lathe operation.
But do buy some books on lathework. Stan Bray, Harold Hall, or L H Sparey are suitable authors for a Myford owner. They are useful references. A set of Zeus charts will be useful in the future. Mine are over 60 years old, and still consulted regularly
Howard