Despite my last comment above, I've decided to give it a rest. At least, for now. As you will gather from the video below, I'm pretty disheartened at the whole project. Not with the router – that's doing everything I tell it to do. It's just that I think I'm telling it to do the wrong thing, or rather the right thing from an incorrect starting point.
I believe that I have misunderstood from the get-go, the initial positioning of the milling cutter. I had assumed that the centre axis of the milling cutter should be directly over the origin of the "Work coordinate system", whereas by setting the cutter edges to just touch the stock in X and Y (i.e. 3mm off the origin), I would probably get the machining in the right place. Too late, I realised this and you will hear from the soundtrack that I'm a bit miffed and thus a break is called for.
I may try a bit of engraving, but no more milling. Others have made the machine work perfectly satisfactorily so it's definitely me, not the router. I just can't get on with the CAM.
Here's the video:
John