I have cut the V groove again. I decided the block of mild steel hung out from the arbor more than was necessary and I wasn't too happy with the depth/width of the first V groove I cut. So I took a slice off on the band saw and remounted the block and faced it again this time with an HSS tool with a slight curve to the nose which gave me a much nicer finish.
I have had another look at one of Tubal Cains videos on cutting V grooves where he describes how to calculate the position for the milling cutter from first principles using a bit of trig' and the scales on the X and Z axis. It is a little complicated to start with but transferring the knowledge to actual practice made more sense of the technique. I had a centre line scribed on one face so I had a visual clue as to whether I was getting it right. Doing it this way you have to keep careful track of how many turns of each handle you use as I found out !!
I wanted 10 mm faces on my Vs and having got the cutter centred I decided to take 0.5 mm cuts in the Z & X axis simultaneously with the idea that my V would 'grow' symmetrically from the centre line. Once I had taken a couple of cuts I could see that I was about 1.0 mm 'short on the Z axis cut which I put down to miscounting turns and at one point winding the Z axis the wrong way and having to 'go back'!! Having put that right it was an easy finish with a few more passes of the cutter.
And here it is, though it still till needs the clamping plate and its associated threaded holes making.

So what did I learn:
- That I have to get to know my machine better, which way to turn the Z axis handle will soon become second nature I'm sure.
- Every minute of thought, preparation and checking is worth it.
- I could have taken bigger cuts than the 0.5 mm (20 thou) ones i was taking.
- I can see how damn useful a DRO will be !