Okay, so carbide is a no-go on the smaller machines as a general rule?
What is HSS?
HSS is high speed steel. Most rotary tooling will be HSS, cobalt or carbide. Cobalt is basically in between the others for hardness, toughness and heat tolerance. HSS will lose an edge pretty quickly if the tool gets very hot, while carbide can maintain an edge at temperatures that have HSS turning colors. Cobalt is a bit harder than HSS and will hold an edge at higher temperatures, while also being cheaper than carbide and a bit tougher in terms of shock loading and flexing. Conversely, it's not as tough as HSS and nowhere near as hard, rigid or tolerant of heat as carbide.
It's not that you can't use carbide on small machines, but they need to be tight, and you will be limited on the size of carbide cutter you can run due to the lack of rigidity. I used 1/16 to 1/4" carbide all the time on the mini, but anything larger, the chatter due to the larger flutes and lower RPM shock loads the edges and chips or breaks them. You will have a lot better luck running carbide on the 8520, 21-100 or G0795 than on a Seig X2 size machine.
The reason to go for carbide when you can is cutter life and rigidity. HSS tooling deflects a lot more than carbide, and won't hold an edge nearly as well in harder alloys, even if kept cool. The only downsides to carbide are the brittleness and cost; carbide is typically about 3 times the price, and you get very little visual warning in deflection before they snap if your tool pressure is too high.