Chris;
Firstly – thanks Murray for the blog reference. Sorry to loose you from Canada, although physically, you are probably closer to me now… (Canada's a big place, and Britain is not that far across the Atlantic…)
I did a little Unimat SL lathe conversion. If you can find a little lathe that works, making it into a CNC lathe is fairly trivial. If I said that you could do it (with care) for 50 quid, maybe less, I don't think I'd be far off. Look at my blog for info on my Unimat SL conversion, if you wish. I did use an expensive stepper motor controller, but I had it kicking around.
The thing with mills is that they really do cut better with climb milling, and while you can program in "backlash" compensation into them, you are better off with ball screws. Lathes are slightly more amenable to backlash issues using the as-supplied feed screws. So if you do a lathe, at least you'll have an easier time of it, and learn from it, but you may not have as useful a tool as a mill might be.
I *really* like LinuxCNC. It is incredibly stable, and people have made it do many interesting things, machine-wise, and, heck, the Internet basically runs on Linux, (as do your Android phones) so LinuxCNC is built on a great base. Why anyone would choose a windows-based controller (with all the kludges required to run CNC) is beyond my ken, but that's just my opinion, and is certainly not held by others.
For those experimentally-minded, machinekit.io (web site) is a fork of LinuxCNC for experimentation, and for differing platforms, like little single board computers. As an historical note, Art Fennerty "forked" LinuxCNC (known as EMC back then) and ported it to the Windows platform, and called it "Mach". The rest is history. Google it if you don't believe me.
AS to mill conversions, I'm basically finishing up my "G0704-style" mill conversion; the jury is out as to whether it is going to be great, or mediocre. We'll see as I gain experience with it. The kits and plans do have some things that I don't think are correct, but again, I could be wrong, and time will tell, and I may eat these words!
Happy New Year – off to a steaming party – warmer than last years' : (on youtube search for "conway steam canada" and see if you get a video of last year).
Edited By John Alexander Stewart on 01/01/2015 21:03:33