I think the machinist means a SNMG insert. That has 8 identical cutting edges. Because these inserts are targeting larger lathe's you have to take heavy cuts to get the chip breaker working. Not an insert for making small stuff. Also when you chip an edge, the bottom edge could also be ruined. To safe money, you have to calculate the price per cutting edge.
Because of the 90° cutting edge (no clearance), this insert is nut suitable to cut up to a shoulder. A WNMG insert has 6 identical cutting edges and a °5 degrees clearance.