I'm going to jump in here and offer up my advise. This is not advice from a professional machinists perspective, but from someone who has been machining for about 4 years now. I have built 10 air/steam engines, two gasoline engines, and 4 novelty devices to power with my engines. 90% of the material I work with is less than 1/2" diameter, and 90% of it is either brass or aluminum, with the remaining 10% being cold rolled steel. My lathe is a 9" x 18 Craftex Chinese unit from Busybee tools in Canada. I very seldom use carbides, because of the inability to get good surface finishes. I do occasionally use them when turning steel, but never on brass or aluminum. I sharpen my own HSS lathe cutting tools from 3/8" square blanks. My machine has 6 speeds---115, 210, 350, 550, 970, and 1620. I only use the 115 speed for parting off with an HSS .094" wide parting off tool. I never use the 210, or 350 speeds. I use the 550 for turning heavy cuts on steel, and take my finish passes on steel at 970 RPM. On brass and aluminum I generally do most of my turning at 970 RPM and take a light finish cut at the 1620 RPM. For drilling with a tailstock mounted chuck I use either the 550 or 970 RPM settings depending on the diameter of the drill and the material being drilled. I have only done a very little single point threading, but found that the lowest speed of 115 RPM is still to fast for me to consistently engage the half nuts and prevent a double start thread. -----Brian