Yesterday evening, I resharpened my square radius and round carbide tips. I put them on a DMT DuoSharp HC Fine/Extra Fine stone. I did 100 passes on each side of the diamond stone. After that, I did 100 passes on each side of the 1000/6000 grit water stone. The carbide tips cut like new. Sweet!
Terminology (my own, not from any reference): A carbide tip has a flat "back", which faces up when you use the tool. It has a sharp beveled edge around the side. I call the part that faces down and rests on your turning tool the "base." Here is what I do:
Your goal is to remove a small amount of carbide evenly across the entire back. If you do it well, you will peel off the topmost layer of carbide. That includes the outermost edges, which have micro- nicks and micro- rounding that make them dull, poor turning tools. In peeling off that topmost layer of the back, you will expose fresh new edges with the same bevel angle.
* Gently place the back side (largest side) of the carbide tip down on the fine diamond stone.
* Use your finger to press lightly on the center of the base of the carbide tip. Your goal is to apply even pressure across the back surface and edges of the carbide tip.
* Square Radius: Move the tip side-to-side for 50 back-and-forth passes, then rotate the tip 90 degrees and do 50 more passes, and finally 10 "swirls" clockwise and 10 swirls counterclockwise (anti-clockwise).
* Round: Use a swirl pattern, but lift your finger and turn the carbide tip every 10 passes. Alternate between clockwise and counterclockwise every 10 passes as well. Reminder: The goal is even pressure and even wear across the entire back.
* Use the full surface of the stone, not just a small area. If you are doing it correctly, you should see a small buildup of black "swarf" - the carbide material that was removed.
* Repeat for each subsequent stone: I use a fine diamond stone (600), an extra fine diamond stone (1200), a 1000 grit waterstone, and a 6000 grit waterstone in that order. I am not sure whether the 1000 grit waterstone helps or hinders, but I think it helps.
The etched markings on the back will disappear, if you didn't lose them in a previous sharpening. When I am done, I use a Sharpie marker to mark each tip with a dot. I always rotate tips clockwise. When the dot has come full circle, it is time to sharpen again.
Done correctly, you should be able to squeeze a long life from your carbide tips. Nonetheless, I keep a new tip of each shape ready for when I may need it.
P.S. I keep a thin layer of water on the diamond stones to lubricate them and help float away the swarf (but I store them clean and dry). I soak the waterstones in water for 30 minutes before using them.
P.P.S. Your waterstones must be very flat before you start. I flatten waterstones with an extra extra course diamond stone.