The high tensile strength and high resistance of nickel‐based superalloy 686 against high temperatures and corrosion rates have made it a widely used in important applications such as the aerospace industry, high pollution‐ and corrosion‐resistance equipment manufacturing and petrochemical industry. Therefore, the machining of this advanced alloy with its unique properties is extremely important and can be challenging. Significant increase in input parameters levels, reduction of machining costs, improvement of surface and subsurface properties and clean production are among the issues that should be considered in dealing with Inconel 686 turning operations. Simultaneous application of advanced tools such as polycrystalline diamond (PCD) and polycrystalline cubic boron nitride (PCBN) and optimised minimum quantity lubrication (MQL) method and evaluating the results obtained with a wide range of output parameters related to machining process performance and tribological properties can be proposed as an innovation and a solution to this problem in this article. This study analyses several output parameters with different speeds and feeds to evaluate the effect of cutting insert type on machining process performance and tribological properties. The output parameters include tool wear, residual stress, cutting zone temperature, surface smoothness, machining forces and workpiece surface defects. The results indicated that using the optimised MQL method reduces the size of lubricant droplets and increases the surface covered by cooling. With these changes, the performance of the machining process and the parameters related to the surface integrity increase significantly. Among the parameters associated with the performance of the machining process, the PCD tool reduces the cutting zone temperature by 23%, the tool wear by 19% and the machining forces by 18% compared to the PCBN tool. In the parameters related to surface integrity, this method reduces the residual stress by 19% and the surface roughness by 9% compared to the PCBN tool. From the production index perspective, the PCD tool can significantly increase the cutting speed and feed rate, reducing production time and costs.
