Camm, That's usually the bit people get hung up on.
If you're going to spend the time on Tools, Speeds & Feeds, take a look at the Tool Library & Machining Data Library(V5) (replaces the old Feeds & Speeds Library).
Once you have the library populated, you can hit "Set Machining Data" on the feedrates dialog, and the Feeds, Speeds, depth of cut & stepover values will be set automatically based on your Part Material, Tool Material, Cut Method & Tool Dia. and Length.
I have many customers still doing this all in templates. Only because they don't want to invest the time setting up the libraries. In most cases, each customer has a limited number of tools, part materials, and methods. Even so, this can result in a lot of templates, or some very large templates.
Be Well
"Of course, that's just my opinion. I could be wrong!"
T Briggs (CAM dude) - Siemens PLM Software