Jonathon,
I have had the Proxxon MF70 for about 1yr. I used it to help build a Stuart 10V eg milling and drilling. No real issues with it. Max cutter dia is about 3mm and max cut is about 0.25mm.
It faced off the cast iron base parts of the 10V OK but there was a lot of winding the table back and forth since the cutting width and depth is small.
It's lightweight – you can pick it up easily with one hand. It is quick to change tools – I have the collet chuck and drill chuck. Also have the precision vice and dividing head.
The Z axis has a bit of slack but if you remember to tighten the lock it's managable.
It's probably a bit expensive for what it is but it's convenient/easy to use. I had thought of selling it when I bought my Seig SX2P mill but didn't since it is still very useful for 'the small stuff'.
Ches