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Agreed -- and that would be my choice (an uncoated one with sharp edges) unless I needed to make a form tool.
Well ... there is always eBay. :-)
And one thing which might be a good starting point is to pick up an old machinist's toolbox, with measuring tools, already custom ground HSS toolbits, and (usually) a few puzzles to figure out. :-)
I wound up getting tools with lots of inserts from eBay, and then buying the *right* tools from MSC to fit the inserts and maximize my rigidity. (That is, 5/8" shanks to fill the slots on the quick-change tool holders, instead of the 1/2" (which are a bit too wimpy under certain conditions, or the 3/4" ones, which I had to modify with a surface grinder to make fit the tool holders. :-)
Those will help with damping of vibration, and some with rigidity.
*But* you want to be careful to not fill too full, or you will have problems clearing chips. What I would suggest is to make forms like rectangular funnels to cast the concrete (or lead) in place, so your chips slide on down instead of forming a un-movable tangle under the carriage.Just as you want sufficient clearance under the bed for the chips to flow out of these chutes and into the chip pan.
Good Luck, DoN.