I assume you are refering to a firearm. The SS used in a frame isn't very hard and can be machined the same as a carbon frame. SS is a little tougher, so I use carbide (I use carbide almost exclusively, anyway) and some cutting oil.
Slides can be harder, so be sure to use carbide for any tool life. Keep your cutters sharp. As far as cut depth, your setup will probably dictate a fairly light cut. When I sierrate a slide, I take the full depth at once...It's only about .013", anyway, and have no problems. Sight cuts are deeper, and I only go about .020" at a time (except for dovetails which have to go full depth in one pass, of course.)
I hope this helps.
Slides can be harder, so be sure to use carbide for any tool life. Keep your cutters sharp. As far as cut depth, your setup will probably dictate a fairly light cut. When I sierrate a slide, I take the full depth at once...It's only about .013", anyway, and have no problems. Sight cuts are deeper, and I only go about .020" at a time (except for dovetails which have to go full depth in one pass, of course.)
I hope this helps.