its not so much the coating that is important as is the grade of insert , for eg under high performace conditions 4020 inserts i like to run dry ,as i find them to be somewhat brittle and fussy , 4030 i can go either way (same coating), it also depends on whether you are recutting chips or if they are properly being evacuated ,
cermet are normaly supposed to run dry but i have had many times that the tool life increased while using coolant , for the most part it depends upon the application
air on the other hand is generally the best solution , not only does it keep your tool to a more consistant temperature , it also keeps the tool free of chips


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