I think the amount of clearances you are using on your HSS cutting tool is quite excessive, this leads to a weak cutting edge that is more apt to burn or chip off. using a large radius will create chatter and also the angle of the tool to the work can exacerbate the chatter, it should be a little less than 90 degrees or near perpendicular to the work; the more angle, the wider the width of cut, increasing the tendency to chatter. I have machined both cast cranks (100-70-03 ductile iron) and steel cranks, both two throws @90 deg. for compound steam engines, these had 1-3/8" dia. journals and were about 30" long overall. If there is a secret to success, it is to run at slow speeds. All the turning was done between centers, a steady rest was used for the machining of the main bearings, but for machining the throws, that was not possible. The shafts were roughed out all over, semi finished on the diameters, finished on the lengths, then sent out for final grind finishing.