I have 3 sets of the Nova soft jaws. I use two of them (different sizes) for holding my spinning spaceships around the outer edge, so that I can turn the top. The 3rd set I use as a quick and easy replacement for jam chucking any item within the size of the jaws.
Simply stated, they are wonderful, and you'll find many uses for them. The last time I checked they are less than $20, and well worth it.
These jaws also provide a way to guarantee perfect centering, especially with reverse chucking.
As for turning the jaws themselves, you'll want to use a very sharp square end scraper. I would advise a negative rake square scraper as well. Be careful because dig-ins occur easily. You'll end up with a lot of plastic shavings clinging onto the trailing end of each jaw and screw hole. I trim these off easily with a 1/4" skew.
The soft jaws are also offered by Vicmarc and Sorby (for the new Patriot chuck). Sorby says that the Patriot chuck will accept all Nova jaws, so I would assume that their soft jaws would also fit a Nova chuck. Those jaws seem to be thicker, but a little smaller in diameter (only availabe through Packard, AFAIK).