Kaiser ThinBit ....
so what does one use, if they don't have the insert type? I'm not too concerned with making an actual groove, but rather opening
up the face while leaving a lip on the outer side of the diameter, but cutting the center out some and also to chamfer the i.d. of bores. I got a pretty good pile of tooling, but none of them do this
Mutt, a HSS knife tool will do this sort of thing easily. Simple to grind, simple to use, works good for exactly what you are describing.
Great idea, Mikey.....I never thought of doing it that way!