Even though I have a 50mm facemill I still tend to use a flycutter for 98% of sizing up stock. Only really get the facemill out if it's an iron casting that may have some hard spots in it which blunts the HSS.
Most of the time I will use the middle size from a set like this with a 6mm toolbit, not to hard to grind yourself ( see Milling for beginners) or ARC will sell you a preground bit. Works out very cost efficient as a bit will take many touch ups. Similar flycutter is easy enough to make, I think Ron made one.
On your SX2.7 I would suggest two passes to get to your required size, ideally one each off opposite faces, about 800rpm if using that size flycutter which will be swinging 35-40mm at the tip.
With the 12mm cutter you should only need 3 or 4 passes 10-7.5mm wide on each at the full 1.2mm deep.
Edited By JasonB on 08/05/2019 14:49:22
Edited By JasonB on 08/05/2019 14:50:54