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I've considered doing a CNC conversion on the mill, but have decided that's not the path I want to go down.
I am an automation engineer as my day job. Mechanical engineering degree.
I CNC converted a PM-30MV with Teknic servos, ballscrews, centroid acorn, a SMW fixture plate, etc.
It cost me around $12K all in all.
It has the same travels, speed, and power as the 1100MX. Actually uses bigger teknic servos. 475in/min on all axis, 2.1hp servo spindle (ditch the factory one)
I have a day job, this is as a hobby. Never meant to feed the family.
Mill paid for itself in 2ish months.
Big takeaways though for a tormach sized mill is that you absolutely can not and will not compete with a "real" mill.
They can mill aluminum and steel, but at no where near a competitive speed. Best I can do is with a shear hog getting 5 in^3/min MRR roughing.
With YG alupower endmills i get a great surface finish, and can run them hard. But still, at nowhere near the speeds of a 90's Haas.
On aluminum jobs that are competitively priced, I only make about $25/hr gross, often times less because the cycle times are so long.
Do not think you can go on xometry and make money at those prices.
IF you do decide to go this route, the money is in plastic one off parts. Find a machine builder that has you making one-off UHMW or Delin parts.
These parts are the ones a bigger shop doesnt want to do, so you can charge more.
Plastic parts dont need a ton of rigidity in your mill, and often times the limiting factor is actually the material of the part, and how well you can grab it without warping it.
I do these little UHMW parts for a shop. Features on all 6 sides, so 6 setups. Parts are roughly .75x4x6". Takes 12 hours to do one (lot of ball endmill work). But I charge ~$900 each. So minus material and tooling is roughly $65/hr profit. Peanuts to a big shop, but as a hobby that pays for itself, it keeps me busy.
Bottom line is that a tormach or tormach sized mill will never feed your family. But as a hobby it can be fun and profitable. You will outgrow it very quickly, I started a savings account for a "real mill" after using mine for a week. If this will always only be a hobby, go for it. But if you seriously want this to be a day job, buy a used "real" machine.