You may be selling that machine a little short. Switch your cutting head out to a Kress router or Laminate trimmer and take it slow at about 7 inches a minute and you can do really precision work with that machine.
I have the Taig mill. From my personal experience, the word Kress and Precision should not be used in the same sentence. For cutting points, the Kress works great, although, I rarely cut points on the Taig. I have a large mill for that.
I have a different spindle running at 32K RPM's. I did a test with my spindle and the Kress. With the same program, I cut .125" Squares and .125" Boxes with each spindle. The Kress pieces measured at .121" and the ones with my spindle measured at .125". I threw the Kress aside and am looking for a mount so I can use it on my Cuesmith because it is better than the Porter Cable Router.
I just did a cue with .008" Ebony and .008" Silver Frames around diamonds. If I had used the Kress, my frames would have come out horrible.
On two of the cues I will have with me at the Meet and Greet in CT on Saturday, almost all of the inlays were done with .0156" and .010" bits. The only bits I think I broke were the ones I dropped. I think with the runout I have on my Kress Router, I'd of broken ever .10" bit I tried to use.
Sorry for the negative post. I was just so disappointed in the Kress after all the rave reviews I heard about it.
As for the Mill. It should work fine for you. I don't slide the table around, instead I just rotate the cue. I have to align for almost everything I do anyway, so moving the cue around really isn't an issue.
I think the biggest limitation on that machine is the stock spindle and the A Axis. The A Axis is pretty crappy in my opinion. I try not to rotate the cue until I am absolutely certain I am done in a a position. If I have to rotate it, I will not go back, I just write all my programs to always rotate to the positive direction.