I've usually found that with 1018 moderate top rake of about 5 to 7 degrees that slopes away from the direction of cut and the rear of the lathe combined with a tool nose radius of .05 to .1" and a moderate feed and speed works quite well as long as cutting fluid is used. It won't be as good a finish as ground but then 1018 doesn't grind that well anyways. Another option is to take a facing tool that is ground with no tool nose radius and turn it upside down and use it as ascraping tool with the edge between the side and end clearances being used as the cutting edge. That one I got from Home Shop Machinist years ago. We used to have to turn bearing diameters on large shafts for presses and sometimes we had to use that trick to get finished size and the surface finish we wanted. Plus aside from its machining characteristics I fail to see the almost mythical status that 1144 seems to hold in the HSM community. Its' sulfur content alone is enough to make me think twice as it does not lend itself to good welding applications. IMO 4140, especially 4140 TG&P is a far better material in almost any application that would see either 1018 or 1144. Just my $.02 so take it for what it is worth.
The optimist says the glass is half full, the pessimist says it's half empty. The paranoid in me says somebody put a hole in it.
Remember pessimists are at heart opptomists. They know things can and will get worse.