I didn't see the difference between CCMT and CCGT explained. The M stands for molded insert, the G stands for ground. The ground insert will have a sharper cutting edge than the molded one. This has nothing to do with the suitability for machining a particular material, that is determined by the grade of carbide.
While you are technically correct, I’d like to explain my reasoning.
The carbide grade refers to the particular mix of different carbides and binders and determines the hardness vs. toughness as well as temperature resistance. Grades are designed from the manufacturer for particular materials depending on their machining requirements (high heat, abrasiveness, hardness, etc.). I believe that coatings also get mixed into the grade for the same reasons as above.
But the grade is only part of the story. The edge prep, chipbreaker, insert geometry, and insert clamping all play a big role in cutting performance. Manufacturers typically pair up grades, edge preps, and chipbreakers for specific materials or even specific machining operations of one material. Unfortunately these are always done for large production CNC equipment, or are offered as generic geometries.
Here is my opinion based on my experience. The inserts made for specific materials seem to often cut best with more rigidity, surface footage, and horsepower than my lathe (12x36, 1.5HP, 1000 lb) can provide. Positive rake medium inserts barely break a chip correctly in many cases before my lathe chatters, and most inserts create massive cutting forces that make hitting tolerances difficult. I think this is why many people turn away from inserts and go to HSS.
Inserts are great in production CNC machines as there is a ton of rigidity to back them up, but on our smaller hobby machines the bluntness of the edge (great for tool life) limits the effectiveness of the insert tool.
This is where the xxGT or xxGX inserts come in. The ground and polished edge is super sharp and cuts with extremely low horsepower and cutting forces. They are comparable to sharp HSS tooling. Their tool life in nonferrous is excellent, but I’ve also found good use for them in medium alloy steel, stainless, and even cast iron. The inserts are extremely free cutting and produce a good surface finish even in tricky materials like 1018. They also allow a very fine minimum depth of cut (only a few tenths) without rubbing. This allows you to turn precision tolerances on parts.
I’ll admit the tool life in ferrous materials is not great, but at $0.50 per edge, they are very affordable and I reach for them every time I have a critical dimension or need a good finish. When roughing is required, I always choose a tougher insert, ideally one designed for my material if I can.