Lubricated tribosystems such as main-shaft bearings in gas turbines have been successfully diagnosed by oil sampling for many years. In practice, the interpretation of wear debris analysis results can pose a challenge due to the intricate structure of power transmission systems and the varying degrees of sensitivity among test methods. In this work, oil samples acquired from the fleet of M601T turboprop engines were tested with optical emission spectrometry. Two-way analysis of variance (ANOVA) with interaction analysis and post hoc tests were carried out on measurement data from the whole fleet of the M-601T turboprop engines to study the impact of aluminum and zinc concentration on iron concentration. Finally, the developed model was used to evaluate the oil testing results for two specific engines of this type. Thanks to ANOVA, the assessment of engine health is based on a statistically proven correlation between the values of the dependent variable and the classifying factors.