I just use a plain knife tool - with a cutting edge square to the spindle centreline, a plan trail angle of *about* 20 degrees and a point radius of about 20 thou/ half a mm. Leftmost tool in the pic. If I'm roughing, I might angle the toolpost to give a plan approach angle of 10 degrees or so, but as an amateur machinist I'm not often in enough of a hurry to do that. If I'm finishing, I quite often cock the toolpost over so as to almost eliminate the plan trail angle, and use the trailing edge of the tool almost as a shaving face - small depth of cut, low speed, bit of lube, variable feed depending on results.