That link that Mitch posted is a very slick site with a good description of turning theory. I like it! Everyone should review it.
I am confused about this:
"So, TCGT are a positive rake version of the TCMT " That doesn't sound right.
Position 3 is the tolerance of the insert if I understand correctly?
I do not understand how the rake angle is coded. Is it based on the tool holder or the insert? All my tool holders are zero so far. Do I need a negative rake holder?
Cutting radius is coded in position 7 in 64 ths of an inch?
Position 5 is inscribed circle. Is this based on the radius or diameter?
I am running a "TT321" insert routinely on aluminum. (1/2" tool holder) That should have a 1/64" tip radius. Does any one have a better recommendation? If so please explain why it will be better. I like to know the theory behind all this.
Robert
Debugging inserts can be really confusing when you first look at them. Every manufacturer is supposed to adhere to ANSI or ISO standards; here in the States, we usually use ANSI.
Rake is complicated because the insert and/or the tool holder can have rake, and you can have a negative rake tool holder that produces a positive rake at the cutting edge. There are tooling specialists who work in this field that can make recommendations to shops because there are so many inserts that confusion is actually not uncommon.
For my simple mind, I keep things simple. I look at the relief angle (pos. 2). If it is an N then that is a 0 degree rake insert (it has no relief angle under the cutting edge) and that means the relief MUST be provided by the tool; this is a negative rake insert that fits into a negative rake tool. Anything else is a positive rake insert but the tool holder can still give you a net negative rake when the insert is bolted down. This perspective is not entirely correct but it is useful for my limited insert use.
The chip breaker configuration and wiper configuration complicate this further because they depend on usage and material. You need to decide what is appropriate for the job at hand.
Nose radius is in 64th's but there's more to it. A 1/64" nose radius is 0.016", although many inserts are actually 0.015". This is a common radius but is on the big side for my use. I much prefer a 0.5/64", or 0.008" for most work and a 0.20/64 or 0.004" if I can get it. The reason this matters is because the nose radius determines how small a cut you can take before radial forces get too big to cut reliably. Your minimum depth of cut should be at least as large or larger than the nose radius, so a minimum accurate cut with a 0.016" nose radius is about 0.015". If you try to go shallower, it might cut but you have to try it and see if it cuts accurately enough for you. I have found that I can go down to about 1/2 the nose radius and it sort of cuts okay; you don't get what you dial in but it tends to at least be consistent. If you try to go shallower then radial forces will deflect the tool and it skates and will not cut. Your finish goes out the window, too.
I have to run some errands now but my advice to you is to choose a tool holder and download the manufacturer's info on it. They will have insert recommendations for use with that tool holder. Then figure out which insert configuration will suit your needs and then learn everything you can about that insert.
If I had to choose a single tool holder, I would choose the SCLCX class. Inserts are cheap and they work well for hobby class machines because they are a positive rake tool holder and insert. Buy the smallest nose radius you can get for finer work. You will find that the bigger the tool holder, the bigger the nose radius; and the bigger the nose radius the deeper you must cut for accuracy. Try taking a 0.001" depth of cut with a 5/8" square tool holder and you'll see what I mean. Bigger is NOT always better.