The latest experiment was to use a grooving tool bit that came with the lathe. The business end is 0.205" wide, tapering to a neck about 0.75" back, so the sides of the groove being machined are not also re-machined, and minor inaccuracies of perpendicularity (of tool to work) are not important. This toolbit was ground out of a 5/8" square HSS bar.
If not in back gear, it squealed and chattered badly. With the back gear, grooving was possible, and largely without chatter or squeal.
But as the groove got deeper, and the diameter of the remaining stock because small, the toolpost tipped more and more. Cutting was intermittent, even under slow power feed. By hand, the chips were
0.203" wide and about 0.0045" thick. Eventually, the tool bit was pulled under the workpiece, and the tip of the toolbit broke off.
While all this tipping was going on, I was feeling the lathe. It turns out that it was the cross-slide (fixed angle, moves perpendicular to the bed ways) that was loose, so I have been tightening the cross-slide gibs up.
Joe Gwinn