"One of the items I ordered was Inconel-X, I received a 3-inch diameter cylindrical billet of the material and took it to the machine shop to have a 3-inch piece cut off to make a bearing. The shop foreman fired up a band saw and started to cut the billet. He only managed to make a small groove in the billet before the cutting action stopped. The Inconel-X had destroyed the saw teeth in just a few seconds. The foreman then tried a large power hacksaw. Those saw teeth also disappeared. I then foolishly suggested he try cutting a chunk off with a cutting torch. He fired up his cutting torch and within a couple minutes we had a billet of metal that looked like taffy."
Edge Precision on Youtube posted some videos showing making a valve body out of Inconel. It's clearly a PITA, he indexes the insert (changes the cutting edge to a new one) for every single cut. That adds a lot of time, and a decent amount of expense (carbide cutting tool inserts are cheap, but not free).
If you look at the Wikipedia for Inconel, it does actually mention that it is used as the engraving medium for black boxes: https://en.wikipedia.org/wiki/Inconel
At the Edge of Space: the X-15 Flight Program