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Well ... not really -- because the adjustment for the odd-angle threading involves shifting the angle of the *compound* for the correct infeed angle (typically a half degree less than one-half the thread included angle). When you shift the compound, since the toolpost is mounted on it (unless you have a lathe like a Myford where the compound itself is an option), you will change the angle of the tool mounted in the toolpost (along with the toolpost itself). So, when I shift the compound, I have to shift the toolpost in the opposite direction so the dovetails are again parallel to the chuck face and the workpiece centerline. This assumes a proper ground HSS tool bit for the thread angle being cut. (Last time I did this was for an Acme thread when helping a friend make a new nut for his log-splitter.) I actually had to make two -- one for external threads, and one for internal, since I did not have the leadscrew available for test fitting. :-)
This also applies if I am using the compound to cut an angle, though usually when I want to cut an angle I use the angle attachment on the lathe bed, so I don't have to adjust the compound. The adjustment of the compound only happens if I am cutting an angle beyond the range of the angle-turning attachment (+/- 10 degrees or so, IIRC).
Yes. In particular, Aloris makes tool holders which directly hold the inserts (I like the BXA-16N -- there are other sizes of course), which holds two inserts on the two ends -- one for turning and one for facing.
I've looked at the clone maker's offerings, but they tend to provide angled tools only (triangle point towards the workpiece), not with the triangle oriented so one edge is almost square in the direction of cut). The 'N' in the part number says that the pockets are angled for negative rake inserts (thus giving three working points on the top, and three more on the bottom), and with a proper chipbreaking groove, you have the effect of a positive rake anyway.
And Aloris also has the swivel insert holders, both in single-ended and double-ended versions. I may eventually get that, but my straight shank holders give the angles I commonly need, so that purchase is not particularly urgent. :-)
I understand that you *can* find HSS inserts to fit the holders for carbide inserts. (No, I don't know where.)
Normally, a good HSS can get a sharper edge than the typical carbide -- especially the carbide inserts which have been TiN coated, which tends to round the edges a little. I have some small diamond-shaped carbide inserts which are ground quite sharp, without a TiN coating, which I prefer when I want a really smooth finish, and feel too lazy to grind a HSS bit to size. (Besides, I have a large bag of these inserts, and not that many remaining HSS bits. :-)
Enjoy, DoN.