It's good to see a lot of interaction on a forum, nothing worse than a bunch of people with nothing to say!
Tools v Abrasive is quite a bit different. thing is you can spend serious money on a gouge that you will not ever use after day one, but with abrasives they are relatively cheep in small quantities for experimentation. I honestly can't remember how I found my selection, but I know I did in the early days make the mistake of buying some paper backed abrasives which was worse than useless for turning, but it got used in other places so it wasn't dead money.
When all is said and done the range of advice is not far apart, preferences aside
- You will want lots of the middle range, and a bit on the extremities.
- It will need to be decent quality just because of the serious miles of cutting you can achieve on a lathe
- it needs a cloth backing
- If you want to use velcro attached tools sometimes then it makes sense to get a velcro backed roll
But when all is said and done it is a fairly easy thing to find your own preferences, which will depend on what timber you are using and what shapes you are cutting as much as the finish required.
Try small quantities of a range of products, buy in bulk once you have found your happy place.
Love the carvings, shows great sympathy for the nature of the timber as well as skill in the eye of the creator. If you turn with that appreciation for the wood and the object you will need a lot of abrasive grades and a range of polishes. So the best bet is to get involved with your local club, and pinch a bit of wax / oil / abrasive from a wide pool of people to find what works for you.
As for starting tools roughing gouge, spindle gouge, bowl gouge, skew and parting tool. There are more things out there than you can ever use, and they will be cluttering up your workshop sooner than you think. same advice goes really, get people around that you can borrow from try things out find what works for you.