As always the question of what will you need will depend a lot on what you intend to do.
I tend to use a flycutter on my X3 for most metals as it gives a good finish, is easily sharpened and teh HSS blanks are cheap and last a long time. However for iron castings I will use a 40mm 3 tipped cutter as it copes better with any hardspots that may be present which would take the edge straight off a flycutter.
I would say go with a flycutter first and then add a large indexable endmill or facemill if you find the need. For flycutting I have a set similar to the set of 3 with 12mm shanks that Arc sells which work fine, I also have a larger counterballanced one but don't use it much.
Rougher/ripper cutters like Mark says will remove metal at a faster rate without putting so much load on the machine so can be useful if making things from solid stock. You will need to go back and make a finishing cut as they leave a more textured surface. As most castings tend to have 3mm to come off if you are lucky, less in a lot of cases there is often not much pount in us using rippers and then a second finishing cutter, may as well just use the finishing cutter. I have 10mm and 12mm roughers. If you are doing a lot of aluminium then its worth getting the dedicated ones for that, the lack of any coating and different helix angle help a lot.
Edited By JasonB on 26/06/2016 08:11:45