Hi, Bob. I see that you have already gotten a ton of great input on this topic. I read all the first level posts, but not all of the deeper ones, so I hope I'm not wasting your time, but here's my 2 cents:
The work should never stick out of the chuck more than 3 times the diameter. This means that you really need to get some center drills and get used to turning between centers. In case it didn't come clear already, the reason that carbide cutting tools aren't good for you is that carbide chips easily and therefore they have to make the cutting edge very strong, which means, essentially, dull. The posts that say to switch to HSS are "right on". But, here's a thought about the carbide tools, just don't tell anyone I told you this: Suppose you have a chipped carbide cutter. You may be able to actually use the chipped part as a sharper-than-normal cutting edge.
Last point: To get the final finish, you may be able to mount a Dremel tool on the tool post and use that as a tool post grinder to get that last tenth or two off. Just make sure to cover EVERYTHING around the lathe to keep abrasive dust off important surfaces.
Pete Stanaitis
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