Rob’s right re. the MT reducer. It’s MT5 in the spindle and MT3 in the tailstock. As far as I can see from the manual on the Mk1 Bantam, it has MT4 in the spindle, so check before buying. If the reducer does not come with the lathe they are readily available and not too expensive.
As regards the Milling slide, I thought about how to fit one to my Mk2 Bantam when I got one not so long ago. It comes down to drilling and tapping the flat standard cross-slide to fit the milling slide or buying a new T-slotted cross-slide from
http://www.lathe.co.uk.
In the end I decided to buy a separate AMD 25LV milling machine as being more versatile and not that much more expensive than a base and milling slide.
I will still explore the possibility of fixing an angle plate etc to the standard slide as a very useful accessory. Maybe some other member could advise whether it is possible to do this without weakening the structure.
John