I have tried two sets of brazed carbide tips – with a total lack of success! Ok, some of that, maybe all of it, may be down to me. In particular, I had a parting off tip break off the first time it was used, and a somewhat larger parting off tip create nothing but chatter. Otherwise, I seemed to spend more time re-sharpening than using.
I have tried a few indexable inserts with some success. Probably the biggest problem being that the tips I bought are not wide enough to give a smooth surface, ie they are producing a very fine thread.
I find HSS generally works well for me, and I can obtain smooth surfaces at low cutting rates. Ok, ok, I know that goes against conventional wisdom, but it works for me.
I have also experimented in converting old files (high carbon steel/tool steel) into lathe cutting tools. These do work, but do not seem to last too long before requiring re-sharpening. I think I probably need to experiment more with angles.
In essence then, I would recommend HSS initially, with indexable carbide tips second. But of course, you will need a grinder to (re)sharpen the HSS. But against the cost of a grinder, HSS is a lot cheaper than indexable tips and their holders, but indexable only need setting up once – swings and roundabouts.
One other thing. Don't bother with those sets one can buy. Whilst they give a good selection of tools, you will find that for the majority of work, you will use one tool – the right hand knife tool. Second, after a while, is likely to be the boring tool, with much, much later, the third being the dreaded parting off tool. The other tools might never be used. Also, my experience is that the parting off tools in the sets I have bought have been much too wide leading to chatter – my lathe has to have tools no more than 2mm wide, my present tool, an old file, being 1.84mm wide.
Cheers,
Peter G. Shaw