Hi Sam,
I've been an owner of your model for a couple of years now, and seen off a fair few jobs under it's belt. I think it's capable with it's 750watt DC motor, however, mine eventually broke, after replacing fuse after fuse, i either blew the circuit box or the motor, either way i ended up taking one of my AC induction motors (with a VFD too) and basically bolting it a base and securing it with some angle iron.
I don't have any running problems with this now, and i've heard alot of other users say it was the best modification they did to it. I'm not recommending you do this, if i had a working one i would've stuck with it, it could certainly handle steel but maybe not such a deep cut with that size of end mill.(You could probably afford to ramp up the speed a bit, i'd go for full power on low gear, about 1000 rpm, to get the best of the motors abilities, on low speed you're limiting the current)
If you halved that depth it would probably be okay. End mills can take facing cuts much better than plunging ones, as i'm sure you know, slot drills are more suited to that.
Have you checked with a torch in the oil sight to see if the engagement on the train is good? If it is i would leave it alone, but if you really want to get in there. You need to open a hatch, secured by 4 screws, that sits behind the headstock, you can get to this by rotating the head round, i would'nt recommend taking the whole head off as it would be a pain to get back on again. Don't worry about aligning it up again as there is a "positive stop screw" to ensure it sits vertical, only a feature on the newer models i think?
You can get at all the gubbins that way, i have taken this gear train to pieces before so any questions don't hesitate to ask. should be an acronym for that. DHTA.
Michael W
Edited By Michael Walters on 27/09/2016 13:33:23