One point that may or may not be important to the OP is that the screw held C series rhomboid inserts have only two effective cutting edges per insert. So inevitably you get fewer miles of swarf per insert than from a tricorn W series insert with three effective corners. Theoretically you can use the other two edges of a rhomboid insert for facing cuts if you buy another toolholder. In practice, as Jason says, the rhomboid insert does facing as well as longitudinal turning so generally you won’t bother.
I’ve no idea how much life the modern model engineer gets out of a insert cutting edge as my work is very different in size and style, But its obviously infuriating if your last edge dies mid job or if you are unlucky enough to encounter a piece of “patent carbide eating material”.
These days it is financially viable to go all in on inserts but, unlike HSS, you don’t have the option of resharpening so the cost of having sufficient stock of edges to cover all reasonable disasters has to be considered. The big advantage of inserts is that the cutting edge geometry is certain to be correct.
The time is ripe for a proper analysis of appropriate size / style mixes for the “all insert” model engineer depending on the work they do.
Clive
Way back I went for pin held C series inserts which are double sided giving me 4 edges per insert but that isn’t an option on your smaller shanks.
(I have one of those holders for unused edges and it comes out only when I’m faced with something ruff and knobbly that is likely to destroy tips. One exceptionally obdurate lump killed four edges before getting down to something that behaved sensibly.)