Kavall
ArboristSite Lurker
Like the setup MM, my only change would be ditch the use of the compound rest and just cut it with the carriage. You can get the same precision placing your depth indicator on the carriage. At that point you won't have to worry about having your compound rest not perfectly parallel with the bore. I use a number of circle machine boring bars and really like the way they cut and run. And Parrisw is right, you need some strength and speed in your lathe to use carbide well. Mine's only a 2hp 13x40, but it tends to work well if I take light cuts.