Omnimill
The heat treatment of HSS is beyond most model engineering workshops , it requires very high temperatures and salt baths of nasty chemicals.
So it is supplied in it's hardened state , it cannot be milled or turned , the only way to fashion a tool is by grinding , for making accurate form_tools this is not easy without a T&C grinder.
Silver steel and gauge plate are supplied in the unhardened condition , for special tool shapes such as D-bits , taper reamers , radius cutters etc , the tool can be shaped accurately using the lathe or milling machine or even by filing.
It is possible to make form relieved cutters for gear cutting and all manner of milling cutters as well as simple lathe tools.
After shaping silver steel tools are easily hardened and tempered prior to sharpening and if correctly designed will cut as well as HSS , although not for as long.
Care must be taken to keep them from over heating and loosing their temper so slower speeds and lighter cuts !