The ONLY thing wrong with machining cast iron is it's DIRTY.
I use Blazocut 2000 Universal in my machine. I have used it for about the last 15 years. I have no sump stink or skin irritation.
One thing I have done is I vacuum the chips out of my machine and when I dump the tank on the vacuum cleaner, I dump it in to a deep sink with a 5 gallon pail under the drain to catch any coolant that has been sucked up.
From a 7 gallon vacuum full of chips, I usually recover 1 to 1 1/2 gallons of coolant.
And if there's still too much coolant in the chips, I have a stainless steel salad spinner that works like a centrifuge.
Yep, I'm a cheap SOB and $128.00 for a 5 gallon pail, I want to recover as much coolant as possible.
Besides, while the machine is running, what else do I have to do.
You can buy GOOD PARTS or you can buy CHEAP PARTS, but you can't buy GOOD CHEAP PARTS.