If you change the wheels on your bench grinder, DO use the paper washers on each side of mthe wheel!
Then dress them,so that they run true, to minimise vibration.
The mangles quoted for clearance, and rake angles do not have to be correct within a minute. A degree or so either way is unlikely be a disaster.
honing the tool with a diamond should really "do the business" If you choose to put a small radius on nthe edge, it will improve surface finish, BUT dot modify the edge so that the lower part of it rubs before mthe mcutting edge. That way leads to problems!
The cutting edge must be on the centreline of the lathe. NOT above it! Make yourself a Centre Height Gauge. It will aid tool setting, save time and frustration and give better results.
Personally, I am a great enthusiast for Tangential turning tools. Once ground, with the sharpening jig, they are easy to set to centre height with the gauge, and are an absolute doddle to sharpen. There is only one face to grind on the HSS toolbit. At least two designs have been publicised in MEW over the years (Although both really require some milling to be done ). Alternatively, and more expensively, you can buy the Eccentric Engineering ones, which come with a sharpening jig.
Whatever you use, when grinding, do not overheat the the tool tip. The blue may look pretty, but it will probably mean that the edge is soft. Better to give it a rest to cool slowly rather than quench in cold water, and risk micro cracking.
HTH
Howard