Hi.
I recently bought a Toyo lathe (similar size to your C1 I think). It came with the original 1-way toolpost so I bought a modern (import) quick change toolpost for it, along with some 8mm Glanze insert tooling. Have turned brass, aluminium and steel with this setup up to 1" diameter and had no issues whatsoever. Obviously you have to make appropriate cuts and not expect a floor full of blue chips.
I use Sumitomo insert tools on my bigger lathe, along with some Glanze, and for me I have to say that Glanze quality does me proud. Plus tips are much cheaper – I think I paid £20 for a box last time, which I think for hobbywork is just about the right price. I got the tools from Chronos. If you decide to buy insert tooling make sure your toolpost will accept the tool, and that the resultant tip height won't be above centre.
In part I use inserts because I don't know how to grind HSS (nor do I have a grinder). It's on the todo list, but I've just completed an entire loco with insert tooling, so I don't think it's essential.
Cheers,
Mike.