So you have years of pleasure ahead of you!
The excess metal on the baseplate,is unlikely to cause any problems. You won't be needing then Tailstock whilst you are milling.
In my limited experience, Vertical Slides are not that rigid, so light cuts and feeds would be the order of the day, for me.
Can also be used for co ordinate drilling and reaming, of course.,
If it needs saying, to set the Vertical Slide before making the datum marks for the angular swivel,
if you face a large diameter piece in the chuck the face will be square across the bed. Locating the slide against that will set that square, so that in the future, when the datum marks align, you know that the slide is square to bed and any angular offset will be accurate from that Zero point.
Howard