I bought a used Harbor Frieght 7x10 metal lathe last year at a great price. I only use it to replace tips. I'll clean & level the ferrule using a cutting bit, glue the tip on, and then use the cutting bit to cut the sides of the tip to match the ferrule. The cutting bit I use now seens to do the job, but was wondering what shape cutting bit would be optimal for me. Any advice would be appreciated.