First, thank you for your kind words, Brandon. We ALL stand on the shoulders of the guys who went before us, who shared knowledge freely and helped us along the way. You, me and the other guys on the forum all try to help when we can. Together, we can keep the hobby and HM healthy and growing.
Okay, before we get too far, you're using CRS. I assume you mean cold finished rod but I'm not clear which steel it is. CRS is usually used to describe CR1018, 1045, 1141, 1144 and there is even CR12L14. Clearly, there is a difference so which one are you using? Most CRS has a higher carbon content and greater density due to the forging it undergoes. While not as hard as tool steel, some of them can be considered semi-hard. The reason this stuff matters is because the tool differs for the kind of material you're turning; not so much the shape, but the angles. So, is there a tool that will work with all CRS AND tool steels like O-1/W-1? Yes, you can make a tool that will work with both, although there will be some compromises. I doubt you'll be able to tell the difference between a tool optimized for either group unless you were doing big runs of stuff.
Before we discuss tool angles, know that a knife tool works well for facing primarily or very light finishing cuts. As you've noticed, it is not intended to be a good turning tool. For that, a general purpose shape works much better and the reason is the end cutting edge on the general purpose tool. You'll note that while a knife tool has an end cutting edge, it doesn't really contact the work in use; all the cutting is done by the side cutting edge and the nose radius. A knife tool can take a big roughing cut but it won't finish well because there is no end cutting edge to provide the finish ... make sense? In contrast, a general purpose tool has a side cutting edge and nose radius that takes the bulk of the material off and an end cutting edge that shears a nice finish, and that is why it works better for turning! Who knew?
A general purpose tool like our square tool is a really good shape. It can rough, face or finish depending on the lead angle you use and it can turn into a shoulder, which makes it really useful for most lathe work. However, the relief and rake angles you use determines which material it will work well with. Fortunately, I've gone over most of this in this thread so I don't need to re-write it. What I will do is give you the angles you need for a tool that will work well with harder steels (1144, O-1) and you can read more about it in this thread for the rationale. I will use the shorthand we've unofficially developed here and that should be enough for you to grind the tool/tools you need.
- Shape: I would recommend a general purpose shape, just like our model square tool.
- Relief angles, both side and end: If you look at a tool grinding table, you will see that the relief angles for machine steels and tools steels is about 10 degrees. To reduce cutting forces without sacrificing edge life too much, I would suggest using 12 degree relief angles for both side and end. This means that you will angle your tool rest to 12 degrees (instead of 15 degrees for a square tool) and grind the side and end cutting edge angles without changing the tool rest angle.
- Side rake: To reduce cutting forces and keep temps lower, I would use 16 degrees of side rake instead of the recommended 12 degrees. While a 4 degree change might seem small, it will reduce cutting forces significantly, especially when combined with increased relief angles. Moreover, it will not impact on edge life much at all and will reduce the tendency to work harden the material. This matters a lot because high carbon steels like to work harden on you if local temps at the point of cut get too high. Increasing side rake will get the chips out faster, thereby lowering the temp at the point of cut.
- Back rake: Depending on which steel you're turning, back rake can really vary. However, a reasonable back rake would be around 14-16 degrees (I would use 15 degrees). This will put the cutting forces near the tip, accelerate chip flow, thin the chip and enhance finishes ... all in one single angle change.
- Nose radius: I highly recommend you use a 1/64" nose radius. Going bigger will only increase deflection in harder steels and with the amount of back rake on this tool, it will still finish nicely.
My personal tool for semi-hardened steels is made with these angles and it works well, at least for me and my lathes. Not sure how it will work for you and your lathe. The only way to tell is to grind it and see for yourself. If you can, show us a picture of it and we'll critique it for you. Now, now, don't be shy!
As for the boring bar thing, let me PM you about that. I have something that should provide some food for thought.
Regarding the tool bits that are used either straight or angled at the end of a bar and held in place with a set screw, think about how the tool contacts the work. What you have is essentially the same as a left hand turning tool moving into the work, right? So, just grind the tip like a LH lathe tool will look and it will work just fine; trust me, it will work. For a general purpose tool that will cut most stuff, grind a LH square tool shape at the end of the blank.
As for the brazed carbide tool used in a fly cutter, any LH turning tool will work but try to choose one with the side cutting edge angled back a bit. This is called a BL tool and the angled side cutting edge enters the work gradually, which is good for the interrupted cuts encountered when fly cutting. If you can, use one made with C5 for steel. It will look like this:
Put a small nose radius on it with a diamond stone and it will work okay for you. If you choose to grind a HSS tool, do as
@ttabbal said and try a LH square tool with a 1/32" nose radius; bet it will finish better than that carbide tool.
Your lathe sounds like a good one, Brandon, and you have the experience to use it. I have no doubt it will work with carbide or HSS tooling and there is room for both. You already know how to use carbide. Learn to grind HSS so you have the option.
Okay, long post but I think I covered most of the points. If I missed something important, point it out so I can address it.