So, I think it depends on what kind of cutter we are talking about. A negative rake scraper tool, like a French Curve Negative Rake Scraper that you might use on bowls, is designed in such a way that you want a burr (curved up edge) so that the tool will in fact actually CUT the wood, rather than scrape it. Keeping such an edge on a negative rake scraper is tough, and you will usually need to pull a burnishing tool across the edge numerous times to keep the burr in place while cleaning the bottom of a bowl or platter or what have you.
Once that burr is gone, you are scraping, not cutting.
Now, with negative rake carbide cutters...you have a negative rake edge, so the angle of the metal that is in contact with the wood has that downward slope, which does reduce the aggression of the tool. But, you don't have that burr, so you are just scraping, not cutting. I have a full set of EWT tools, and I use them primarily for hollowing small vessels and turning resins, including resin pen blanks.
I don't use them on wood pen blanks, though, because they scrape, they don't cut, and the impact to the surface of the wood is quite obvious by the time you turn it down to the bushing diameter. You'll usually find the wood is either fuzzy, and requires additional cleanup, or even torn out (particularly if you are turning sidegrain blanks where you have to turn through endgrain on two sides of the blank).
Regarding the radius edge...you really don't want a square carbide cutter to be in full contact with the wood along the whole edge...that would be much more aggressive, and compound the problems. The radius edge ensures that you contact the wood over a manageable amount of metal, reducing the chances of catches. A strait edge with strait edge with sharp corners would be really hard to move along the wood and would catch a lot. The slight radius effectively eliminates this problem. Personally, I normally use round cutters with resins.
There is one potential use case for carbide cutters, although not negative rake. That is as a sheer cutter. Instead of putting the cutter edge flat to (in line with) the blank, you would use a non-negative rake square cutter (which you can get without a radius, BTW) at a sheer angle, and use that to sheer cut. This IS a way to CUT the wood, rather than SCRAPE the wood, with a carbide tool. In order to do this, you need a tool that can hold the cutter and keep it at an appropriate angle. That means either a round bar, or a diamond bar, rather than a square or flat bar. A square or flat bar (i.e. EWT) are designed to keep the cutters flat, and trying to hold them at an angle with just a point of the bar contacting the tool rest is...well, don't do that. ;P
There are alternative tools out there that have round bars that can make sheer cutting an option, but you would normally want to use a normal square cutter for that, and keep it very sharp, rather than using a negative rake tool. You also wouldn't want a radius on the square cutters. You can get a pretty clean cut on wood blanks with sheer cutting with normal carbide cutters this way.
I have tried sheer cutting with resins...but so far, I haven't quite figured out how to make that work well. I get a rougher finish when I try to sheer cut than when I simply use a negative rake cutter flat. Resins are actually pretty easy to turn with negative rake cutters. Once you get the blank round, you just get that nice stream of curling resin coming off the tool. For sheer scraping, I've thought maybe a diamond bar tool (basically, a square bar, but turned 45 degrees) would help...that would give you a flat surface to put on the tool rest (rather than round), giving the cutter more stability while at an angle... I have such a tool, I think it was a Sorby, but it takes a round rather than square cutter. You can get a little bit of sheer cutting done with the round carbide cutter, but its really light. I haven't found such a tool that holds a square cutter yet.