Well here's an blast to the(my) past.
http://forums.procooling.com/vbb/sho...&threadid=2505
Very similar question - replies on the subject by Fixittt, Brad, UnaClocker, and BladeRunner - so it is worth a read.
The distinct advantage I have is that my press table already moves in 1 axis. Note: I have never used the press to mill

sorry. I moved up to the world of University and along came real tools, and lots of them :P