I have the micro mill. I've posted about it a few times.
You can do an amazing amount of good work with the micro mill. I've milled aluminum and steel. I've done some fairly complex parts with a fair degree of accuracy. It's been fairly easy to find tooling that works with it. Between Enco, HF and Little Machine Shop, I've found the appropriate end mill holders, 2MT collets, rotary table, screwless vise, clamps and other tools.
I've made tool holders for my lathe's QCTP. I've made many small parts for use around the house. I've machined parts for flashlights. I've cut custom dovetails and pockets.
The down side of the micromill is the clearance between table and spindle. Only 7.75 inches. If you add a tilting vice and an end mill holder you may run out of travel with anything bigger than a few inches tall. The micro mill table is deeper than the minimill by almost 2 inches but is 6 inches shorter.
The only flaw I've discovered with the micromill is that the fine feed mechanism gets loose with time, allowing the spindle to be pulled into the work a few thousandths under some circumstances. There is a technique for negating that.
You quickly learn how deep to make a cut, and how much is too much. It takes a lot of passes to whittle down a big part, but that's not a big problem if you plan in advance and get stock near to the correct size.
I chose the micro mill partly because of price, partly because I could reuse the MT2 collets and parts from my lathe's tailstock. I also took into account my bad back and the fact that it is light enough that I could move it if necessary. It's performed every task I've put to it.
If I were to do it again, I'd probably go straight to the mini-mill for only 160 more. It has the advantage of larger table to spindle clearance and deeper throat. The colum tilts, so you can cut angles without a tilting vise. There are a few other differences that make it sturdier so you can make deeper cuts. It also has a larger motor.
Search this thread for micro mill and you'll find the thread where I described the mill.
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http://candlepowerforums.com/vb/showthread.php?t=83463)
The only thing it really lacked, a precision measurement of downfeed. I mounted a 1 inch travel dial indicator to masure quill travel.
I made these parts on the micromill
Hmmm. I have not taken as many pictures as I thought.
Daniel