I mix paraffin and ATF [ automatic transmission fluid] at 75% to 25% ratio and find you get the best of both worlds.but any light grade hydraulic oil will work, it's just that I have gallons of the stuff.
Don't use a 4 flute cutter, there isn't enough space between the flutes to get the chips away given alloy being softer is cut faster.
Routers that cut aluminium often use 1 flute cutters, no it's not April the 1st. These have maximum chip clearance than any cutter.
Problem with flood cooling on small hobby machines with no full guarding is you can't get enough flood. You need to wash the chips out of the cut and once you are say 10m or 12 mm deep that's a fair bit of pressure to make things messy fast.
In my new proposed hobby workshop at the new house [Tm] I plan to fit curtains to the bench mill, whatever model that is. Two / three brackets screwed to the ceiling both sides to support a length of plastic conduit with a slit in it. Into this slit will be some lengths of that black plastic DPC membrane you put on brickwork as a damp course [ because it's cheap ] This can be would up when bot in use and wound down when messy milling and it will catch the chips which will fall into a designated area to be cleaned up instead of all over the shop, in me boots and down me neck as it does at the moment.
Don't know if I can apply for a patent
or whether it's someones else's idea I have subconsciously remembered [ my excuse ]