If anything, metal turning is as much about following the rules as it is about "getting a feel for it", feeds and speeds are fundamental to getting a good finish, as is tool preparation, becoming reliant of index tooling is a massive mistake and can be extremely limiting.
as to index tooling over HSS, I can promise you that your machine is not up to the task of running them to their full potential, it is neither fast enough nor stiff enough to get insert tooling cutting at it's premium, which was designed for industry use as it allows a much heavier cut at much (much much) higher speed for efficiency sake. The issue is that often it's proclaimed that a poor finish is the result of cheap lathe when using a well hone HSS tool instead of relying on a carbide insert would have improved both the cut and finish of the part.
you also can't grind a tool for a specific task, say you want to put a 5mm radius on the end of something or have a specific shape you want to cut in a piece, carbide simply can't do it. don't discount either type of tooling, but be aware that they both of disadvantages, and learn how to use them both. (starting with HSS, as grinding your own tool teaches you so much about what is happening that you miss if you leave it out)
the other thing that old fart will teach you is safety, as has already been said, the lathe is a genuinely dangerous tool that can and will kill you or itself if you don't treat it as you should. I've been in to many "self taught machine shops" and seen to many scary approaches that are proclaimed as being safe to want to mention, including watching a supposed expert fire a chuck key through an OSB wall 10m away because he knew best (if you leave the chuck key in when you take work out in my shop you are banned for life, same as if you defeat any of the guards because they are "in the way").
yes you can learn lots from online, I still firmly believe that you need actual guidance if you want to be serious about machine work.
(from the owner of a Boxford AUD who was taught how to use one by a number of old farts and uses index tooling even though he knows better)
not to be taken out of context Fergal, this isn't me having a go, just pointing out why tuition is important too.