Thanks for comments, I will try to make a slot for straight key with slot drill first.
Never have tried hard milling, but I am familiar to a small degree with hard turning.
So yes, I have succeeded with turning of 18mm bar hardened to 1.5mm depth to 62HRc into MK2 taper, and yes, believe it or not but that was done on ML7 but using Sumitomo CBN "600 grade" insert, NU-CNMA120408; BN600", if anyone cares.
Using the same insert i have proceeded further to repair broken off *carbide tip* of MK2 center, which I want sharp as it is used for making punch points on certain jobs.
So yes, I have turned *carbide* using this insert on my ML7. Depth of cut was below 2 thou on carbide and up to 5 thou on 62 HRc bar.
On the top of it insert doesnt appear to suffer damage yet.
The only feature my ML7 has which could assist the task are hand scraped bedways, including these belonging to TTA, what ensures smooth carriage travel. Needless to say, these bedways need to be protected, particularly during carbide turning, which was done with a top slide anyway.
So within 2 weeks or so I will try this straight key slot, later maybe even experimentally a Woodruff one, but then the cutter would be held *not* on a milling machine but on said ML7 held in collet and supported by tailstock to address "neck breaking" risks. For this I will need to make or order new pulley set to get this 1500-1700 rpm at least. for 1/2 inch Woodruff carbide cutter it should be enough.
Anyway, I will report my results, but it will be a while from now.