I want the Letter Lines to be Approx 1mm Wide at the Surface.
…501 or 502…
How Deep should I plunge with the most appropriate Tool?
While this can be done using trigonometry, one also has to calculate the chord, as well as the tangent/connection of a line to a circle because the #502 and #502 have a tapered ball end.
It is easiest to instead just draw up both tools in profile…
Checking the dimensions, we see that to arrive at a 1mm wide width with a 40 degree #502 it would be necessary to cut to a depth of 1.12mm if cutting a single line font, for which see:
The most expedient thing to do is to use as close to a monoline font as one can source and to then inset as shown above.