Sansbury,
For your tools I would create a crib of standard tools you use and load that crib prior to setting up any tool paths. With that said you can set feeds and speeds for tools, so they will default to settings you want.
The other question is why not just use save and load feature. This is where you can save a tool path feature and it's settings...
Why would you want to save the Feed Rate or Spindle speed for a cutter and not save the DOC LOC or stock for finish.... This is why saving features and loading them is so powerful. Instead of setting up materials you'll save machining features know to work for said material and just load in the feature in the future as needed.
Think of save and load feature and creating templates of how you cut parts and the settings you used for different materials.
Al DePoalo
Partner Product Manager BobCAD CAM, Inc. 866-408-3226 X147