As a beginner, I would suggest starting with High Speed Tools. Learning how to grind them will give an understanding of clearance angles and their effects. And, you can make HSS boring tools for small bores, Replaceable tips seem to need larger bores to be useful. Having said that, My boring bars are for replaceable Carbide tips!
A HSS tool will probably survive an inadvertent bang against the work or a chuck jaw. Carbide tips are much less tolerant (in particular, I seem to able to chip a brazed tip by doing little more than put it into the toolpost!
At 8:00 pm on a Saturday you can regrind a HSS tool, a chipped Carbide tip will have to wait until next week, unless you tie up money in packs of tips! Ten tips will probably cost £40 or more.
My favourte finishing tool is Tangential Turning Tool. Only one face to grind, using a simple jig, and can be used for Turning or facing without any adjustment.. You can make, (At least two articles have been published in MEW on making one ) A Centre Height Gauge is almost a necessity though. (Easy to make and set up, and then will be a good time saver )
I have tried replaceable tip Carbide parting tools, and they are good, but one dig in and you are probably in the market for a new tip which will cost a fifth of the cost of a HSS blade which will probably outlast five Carbide tips.
Some 40 years ago, when I bought a secondhand ML7, I was given a fairly large (1" deep x 3/32" ) HSS parting tool. It still has about 40% of the blade left!
HTH
Howard
Edited By Howard Lewis on 11/02/2021 16:31:40