Thank's CAD for making us take a 'second look'. I have nothing to add to this thread so of course, I will. :) Questionable dogma and downright errors sometimes become 'truth; by mindless repetition. Seems good to revisit woodturning's verities from time to time as our thinking, equipment and techniques change. Can you believe a confirmed COC is saying this?
BTW, the old chipped cemented carbide tipped bits are often free at friendly machine shops. A gift bowl is a good lubricant. I've reshaped and used them when worried about fence nails and barbed wire. Also to 'machine' ferrules, even to flatten some decorative wire I had wound around a grooved vase, trying to become an artist. :)
Turn to Safety, Arch Fortiter