Interesting, I'm trying to picture what you mean by a roundhouse. Are you intending to use it as an abode?
Can't offer much advice on how deep to set the posts or much else but I can say that black locust does last a long time. Parts of my gardens are slightly terraced with black locust logs on the downslope edges and all of my
fence posts are black locust. They have been there for thirty years and still as solid as ever. There are old
fence lines in my area where black locust posts are still intact after at least 100 years. The pole structure of my garden sheds and
workshop are also locust. I imagine in a colder climate they last even longer. Come to think of it they are a full three feet deep which in my climate is fine.
I've heard both ways about leaving or removing the bark. I don't and have never seen any do so, except when used inside as roof rafters and I think that was more about shaping and flattening the surfaces that anything else.
[edit] Thinking a little more I suspect you can get by with just two feet deep, depending on what exactly what the structure is to be used for and more specifically how important is it to maintain perfect square in joint, for windows, doors etcetera. Sounds from the description exact angles and joints aren't part of the plan anyway so what difference does it make if it moves around a fraction of an inch with every freeze and thaw?
Wood has that much flexibility anyway and as long as your joints / fasteners can do the same, it would just all go through the ride together without anything breaking losing integrity.
I guess though, that if you need a more rigid and unforgiving structure, then deeper for your posts might be in order.