7X10 -- sounds like a chinese mini lathe. For aluminum use HSS and for steel use carbide. Buy the cheapest you can find and grind the shape you want on a bench grinder, you can sharpen them as often as needed. High priced tool holders and inserts are nice but most won't fit your lathe and you won't be able to feed fast enough to really take advantage of them.


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including appropriate tooling and sources.