Remember, which grade of stainless matters. You mentioned 304 and are looking at getting 303. I've done both and didn't do anything real special. On 304 I used import carbide inserts and a holder I got from ebay. On 303 I use HSS that I grind. I can't see HSS chipping on 304 unless you are running way too fast, which you shouldn't be for threading.
I don't use the compound when threading, just straight in. It might help to use it on 304 due to work hardening though. Use plenty of cutting fluid. I find tap magic works pretty well, kool-mist in the sprayer is nice as it keeps temperature down. If you hone the HSS properly, it should help keep the heat down.
For general turning I usually use HSS, but if I want to remove a lot of material quickly carbide is nice. As it's for roughing, I don't really worry about the finish and just let it be a bit rough. My carbide holders are all import stuff, but I do have some brand name inserts that work well with them. Well, they claim to be brand... Hard to say sometimes with ebay, but I'm not willing to pay new prices for my hobby.
I don't use the compound when threading, just straight in. It might help to use it on 304 due to work hardening though. Use plenty of cutting fluid. I find tap magic works pretty well, kool-mist in the sprayer is nice as it keeps temperature down. If you hone the HSS properly, it should help keep the heat down.
For general turning I usually use HSS, but if I want to remove a lot of material quickly carbide is nice. As it's for roughing, I don't really worry about the finish and just let it be a bit rough. My carbide holders are all import stuff, but I do have some brand name inserts that work well with them. Well, they claim to be brand... Hard to say sometimes with ebay, but I'm not willing to pay new prices for my hobby.