Joel, I'm surprised that you can't find round carbide inserts of the diameters you want. Round inserts of 1/2" and 3/8" are very common with positive and negative rake, with and without center hole for mounting on a tool holder.
Smaller ones are a little bit trickier to find, but available. The current (2007-2008) KBC Tools catalog
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page 331, shows an insert type GIE-7-SC-3-R which is a 1/8" diameter half-round tip on an indexable insert.
There are "dog-bone" inserts with tips of various radii. I don't have a catalog showing them. Go the the on-line catalogs of the various carbide insert manufacturers like Valenite, Carboloy (now Seco), . Google "carbide insert."
The problem is, of course, that you must buy a tool holder to match each size insert, and that can get pretty expensive. Alternatively you can braze the inserts to a steel shank that has been relieved to support the insert at the proper rake.
The other problem using these round inserts as form tools is that, unless you have a very rigid lathe, they will chatter very badly due to the large area in contact with the work, possibly fracturing the insert.
Another possibility is to purchase carbide rods of the various diameters you want and make tool holders to hold them vertically (almost) as form cutters. As they dull or fracture you can have them ground flat on the tip to form a new cutting edge or grond them yourself with diamond wheels.
awright