Cool, appreciate it... I know everyone does things differently, and so its good to have peoples thoughts on stuff... in case there is something that needs improved. Cant wait to hear your experiences.
On the carbide on acrylic - its all about edge geometry, feeds and speeds.
Basically, the edge prep of the tool determines not only how it cuts the material, but also how much power it takes to cut. And within that, there is a certain amount of heat that is expelled from the cutting process that is within the chip itself. The more heat you can get into the chip, the less that goes into the material its being cut from.
Acrylic is a different animal compared to a lot of materials... but many of the same theories apply.
The amount of material you can take in one bite, is more related to tool rigidity and feed. With a rigid tool, you can hog off material. But with the mini lathe, you will battle tool rigidity. But I would expect the problem is more related to the tool rather than the lathe... boring bars long enough to do what we call makers want to do are right on the edge. So one has to take advantage of the technology out there... which unfortunately means $$. A good stiff boring bar, the right tool nose geometry, and proper feeds, speeds, and depth of cuts. I have gotten by with a steel 1/2" boring bar, using HSS inserts, but had to be careful about feed speed and tool nose radius. Too large of a radius promotes chatter, faster feed speed helps reduce chatter, but also reduces surface finish. So you have to tinker around a bit to get what works for your conditions.
Remember you can always remove heat... and its easier with a boring bar than a drill because you have a through hole, so the cooling medium has a path it can flow... whether air, coolant, oil, or what ever.
In terms of time investment, its all relative... relative to what you do... and each person is different. What is more efficient for running 20 parts is likely very inefficient for running just one or 2000. So just a matter of figuring out what works best for you, and where your priorities are. Some hate polishing, some hate tunring, some hate drilling, and others hate tuning... so you just have to focus on what you dislike the most, and try and make it as easy and efficient as you can. In machining, making good holes is one of the most expensive operations to do . And its very evident with call making.
To me, accuracy and surface finish is key... without accuracy, you dont have repeatability, and with poor surface finish, I have to spend more time doing what I very much dislike... sanding and polishing. So I spend my time boring to lessen the time investment in sanding and polishing. But thats just me :D
Cheers all
Wade