Originally posted by MattiJ
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for loose nut - xxGT inserts have a very sharp ground edge, with a bunch of top (back?) rake. They're originally for alu but i've found them to work well on steel - ymmv with your larger lathe. In my hands at least they give an awesome finish. xxMT have a molded edge, so are more robust but need more power/ rigidity than my lathe has to work properly - I'm sure they need more DOC and feed than I can give them, so I just use them for knocking rust off or interrupted cuts on steel. I'd get a pack of both inserts and double up on the holders.
The tip radius has something to do with DOC - smaller tip radii are for finishing as DOC is a function of tip radius, larger tip radii are for roughing. I've been happy with the middle one (-04 or .51, depending on nomenclature).
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