The edge design of an insert will tell you more about what material it is intended for than any coating that it may have.
For instance a negative rake insert with a large (by this I mean visible) radius on the cutting edge will be excellent in steels and other tough materials such as some bronze alloys.
A negative insert with a molded chip breaker that as a result of this has a large positive rake and very sharp edge will work well in aluminum and plastics, not so well in steels, you may get an excellent finish for short period.
The various coating technologies are mostly aimed at heat control and keeping the material being turned from sticking to the tool, the users of HSS tools are very familiar with the built up edge problem.
Carbide tools do not dull in the traditional sense as they are all sintered, small grains of carbide molded by pressure and heat with a binder into solids, then ground. When the microscopic grains begin to leave the tool it is over. It is called cemented carbide, the cemented part has mostly been forgotten.