Estimating the depth of the cut is always a problem with the McNaughton, and some guess work is involved. I never went through with the drawings, and meausrements before coring. I would hold the blade up against the outside of the bowl to compare the shapes, and then would hold the blade up over the top of the bowl and gate to where I planned to have the blade cut. This will also give an idea about where you want the cut to go, and how deep your blade will be cutting. Now, I seldom do this as I have cored several thousand bowls, and it is kind of automatic. I did develope the habbit of aiming a bit shallow. It seemed that most of the time I would either go too deep, or too shallow, and seldom perfect. Now, I have the laser pointer that McNaughton makes, and it helps a lot. I did modify it to make it work better on my cores. One other way to know when you are getting closer to the bottom is that there is a point where you go from shavings to chips, and it actually feels like some thing is pulling the blade in.
As far as point shape, I think Don has the old style blades. These had a bevel shape towards the outside of the cut. The bad thing about these blades was that the cutter wasn't centered on the blade, it is flush on the inside, and wide to the outside. This made it almost impossible to take a corrective cut to the inside if you were aiming too deep. The newer points are spear pointed (a Mike Mahoney idea) and the blade is centered on the cutter. I find these a lot easier to use. From my experimenting, the actual cutter profile makes no difference in how the blade cuts, or tracks in the cut (stays on the intended path). I have done bevel to the right and left, spear, and square. I have all mine ground square. The idea of the spear point is that when coring end grain, crotch, or burl woods, it is safest if you cut the blank all the way off. With flat grain (normal bowl orientation), I will cut down till there is about a 1 inch tenon on the core, then break it out. You don't have to bend over to pick it up off the floor, and don't have to worry about rolling objects going wild around your lathe. With the others, since the grain doesn't run flat, if you try to break them out, you can rip right through the bottom of the outside bowl. The spear point does work a little better for cutting the blank all the way off. The square point presents a smaller cutter to the wood (on the standard sets, you go from 1/2 inch wide to 3/8 inch wide, but the kerf size remains the same).
I also have a DVD out on using the McNaughton, and if you are interested, you can contact me.
robo hippy