I use a 10mm parting tool, a continental spindle gouge, or a roughing gouge, depends on what mood I'm in! If it cuts, use it, if it scrapes throw it away!
The only speciality tool I use is a miniature parting tool to cut the tenons on euro pens.
Over time I've come to prefer the miniature continental spindle gouge from Ashley isles and a small roughing gouge that some turner has claimed as his signature tool. The mini continental spindle gouge cost me nine quid without the handle.
Good investment is some good abrasive, 120-400 or 600, abranet is excellent. And a roll of blue paper from your local hardware store for friction polish.