The big problem with carbide inserts is there is no one universal Insert for turning or milling they are very material specific in the conditions and material they cut. Tip manufactures have at least three type for every insert they make
Tough for interrupted cuts and heavy cuts
Medium witch is the closest to the universal insert and normally the starting point
Hard which is normally used for finishing and high speed
then comes geometry which will be matched to the material very small changes to the top of the insert making the insert more or less positive depending on the material being cut.
then comes the speed and feed and depth of cut
rule of thumb is depth of cut wears the tip the slowest ,followed by feed ,then speed which wears the insert quickest
Sandvik would state the cutting time for an Inset was 15mins at the mid point on the ranges stated on the back of the box in ideal conditions. by reducing the speed the insert life would increase I have in the past needed to make edge time last at 45mins or more depending on the cost of the insert and the operation. As Insert cost is a big consideration
then there other factors that come in to play like approach angle which is to do with the shape of the insert
and the radius of the tip.
i.e. square inserts for roughing and facing which allows for large cuts to be made down the face and o/d regardless of interrupted cuts or not even on small machines.
When I was industry finding the correct Insert for a particle job could be quite problematic