we've had very good luck with the Kennametal Kyon Ky3000 grade inserts, keep it under .020 depth of cut if you want more than one pass per edge. I have taken .0005 cuts with good success but I hear it's not recommended for best service life.
I just faced some Rockwell C 62-ish hard bushings last week without a bit of trouble, left a beautiful finish too. the "chip" is more of a nearly liquid string glowing a bright orange or red on hard materials and it won't break a real chip. we always run dry just because we have only ran it on manual machines. just as an experiment dad faced and turned down an old pickup axle with the same inserts right on through the lug stud holes, and made a tool with the remaining stub with just one cutting edge of the insert. they're our go to on interrupted cuts in hard stuff now. Good luck!