Laser beam-based deposition methods such as laser cladding or additive manufacturing of metals promises improved properties, performance, and reliability of the materials and therefore rely heavily on understanding the relationship between chemical composition, rapid solidification processing conditions, and resulting microstructural features. In this work, the phase formation of four Ni-Cr-Si alloys was studied as a function of cooling rate and chemical composition using a liquid droplet rapid solidification technique. Post mortem x-ray diffraction, scanning electron microscopy, and in situ synchrotron microbeam X-ray diffraction shows the present and evolution of the rapidly solidified microstructures. Furthermore, the obtained results were compared to standard laser deposition tests. In situ microbeam diffraction revealed that due to rapid cooling and an increasing amount of Cr and Si, metastable high-temperature silicides remain in the final microstructure. Due to more sluggish interface kinetics of intermetallic compounds than that of disorder solid solution, an anomalous eutectic structure becomes dominant over the regular lamellar microstructure at high cooling rates. The rapid solidification experiments produced a microstructure similar to the one generated in laser coating thus confirming that this rapid solidification test allows a rapid pre-screening of alloys suitable for laser beam-based processing techniques.