... need some help on what tools to buy for it ...
Always ready to help a brother spend his money :nana:
1) More common inserts cost less
2) But less is sometimes not more
A lot of people really like the CCMT insert ...
+1
A good choice for a GP (general purpose) insert. Not really good at anything specific but excellent for roughing down or initial profiling. I often grab the CCMT for first op. About 1000 currently shown on eBay.
I use CCGT & DCGT inserts in them.
CCGT=ground (as in sharper edge). CCMT=molded edge, not quite as sharp but generally more durable for roughing, interrupted cuts, marginal setups, etc.
DCGT is another good GP insert. More pointy at 55° where the CCGT is almost square at 80°. Not quite as bull strong as the CC shape but the DC shape will get into places that the CC cannot. The tool I often grab for second op.
Both CC & DC are NEUTRAL RAKE (0°) so you may want to look into some of the specialty work around inserts like the high positive, super sharp (& delicate) aluminum-specific options:
Grabbed my little 1/2" boring bar one day, hands covered in slime, and the skinny bar attached to the fat toolholder started heading toward the concrete floor. Did not want to see the $200 solid carbide bar shatter like glass (& they will) but forgot about the razor edge insert. Took a couple of weeks for that one to heal shut.