I do not think routers have the tourqe to handle metal but they might. In any event you will not be holding onto it going into metal. It will tear out of your hands. Go with the drill press, I just bought a new one for $40!!! That will mill enough stuff before it wears out. Also you can drill out the majority of the block with a standard drill bit and then finish it with an endmill. That would take a lot of pressure off the drill press side to side.
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