I actually prefer the HSS bits on my 7X10, It is too small and doesn't develop enough power to exploit the carbide tips expense and finickyness(?). Once you get good at setting up custom bits you can do all sorts of different profiles and surface treatments. A hand sharpened HSS bit will cut as well or better than a comparable carbide and can be ground to profile pretty darn quick for about 2 bucks a pop. Carbide too holders are 40-50 each and the bits range from really cheap to 30-35 bucks a piece for some of the exotic ceramics and sintered carbide specialty bits with chip breakers and different rake angles. Too many possibilities for me to order and try to keep up with, especially on a tight budget too. Hope this helps, and there is also a great sharpening video by MrPete222 on you tube that shows the what, why and hows in great detail and depth. Enjoy the new machine, they are a blast.
Wheelchair Bob