My compounds stay at 45° 90% of the time. I thread straight in, but I like having the ability to cut 45° chamfers and break edges with cutting tools rather than files. Works OD and ID. There are some parts that require a 20° bevel angle for leading a seal into a bore, or transition angles between two different OD sizes, but I don't do too many of those any more. And that angle may or may not be 20°....could be anything, so no point in setting it to anything specific except the 45° for me.
BTW, I don't believe I have ever seen a compound dial graduated in radii, so bear that in mind when using it at an angle to give finer control over DoC. I'm not saying they don't exist, but I've been around a lot of lathes and never seen one built that way. Maybe some of the smaller, newer imports, but it would be new to me.