Hummmmmm
Thanks for your quick reply Ron, not sure how to break the news to you, and I'd be grateful if Jason and or Neil would chip in, but I think you are beyond the realms of SX2P capabilities, and stand a good chance of wrecking the motor/drive. You're going to be running the machine at bottom speed for an indefinite amount of time, and, from what I've read on this site, this is territory where these machines are not happy. Having said that I have no direct experience of this range of machines, so if someone wants to say I'm talking nonsense please do!
However, sorry to be the party pooper, but that's just the first problem.
The good news is that you are looking at cutting ally. At least that lets you push the cutting speed up towards the capabilities of the machine.
However I do worry about your wish to make a set size to a couple of thou. My experience of trying to set one of these boring heads to a given size is that they are lip service to the idea of boring rather than walking the talk. I have two ostensibly the same, but they are made differently and it makes a big big difference to the serviceability of the head. I estimate that the repeatability of setting is about +/- 10 thou, or 0.25 mm, you are going to struggle to hit a size to a couple of thou. One of the heads I have here has a captive gib built into the dovetail, I can set that to about +/- 5 thou, the other is the really cheap and nasty version, it looks the same but there is no gib and the setting screws bear on the side of the dove tail. On a good day with patience I can set this to about +/- 20 thou! It's rubbish! Hopefully Arc' don't sell these!
As you say, by all means try it and see how you get on, but be sceptical about the carbide tools you get as part of the kit. They look pretty enough, but to get good results the cutting edge needs to be at the centre height of the hole – in other words the point of contact of the cutting edge must be on a diameter of the hole. Some of these tools are made wrongly – the tool is located in the head on a diameter of the head, so the top face of the cutting edge needs to be BELOW the centre line of the tool, so that when it is mounted in the boring head you can twist the tool to give some top rake and bring the cutting edge up to the centre line. If the tool is too thick tilting the tool to give some rake pushes the top face of the tool way too high, and the cutting edge is actually trying to cut with negative rake. You won't get good results with this situation, even in aluminium.
Having been a douche of cold water, what about a more positive approach? Where are you in the country? If you fancy a trip to West Gloucestershire I'm pretty confident that my faithful Centec will stand a good chance, though of preference I'd stick it in the lathe and bore it out the old fashioned way. What's the overall size of the part? and the dimension of the hole centre to the furthest edge/corner?
Best of luck, Simon