The only downfall of small mills like that (or the Lewis I have) is travel and daylight, plus possibly too high an arbor speed.
Travel and daylight (max space under the arbor) you are stuck with, speed you may be able to adjust with pulley sizes.
Most of those small mills spin the arbor at 100 to 150 rpm minimum. Most people feel that's fine, but as one who must be the only one working ugly materials, I find 35 RPM to be a fine minimum. With smaller cutters, faster is OK. I can take a 4" cutter no problem, so that puts me in teh "zone" for nasty stuff like 4140 prehardened, etc (what I made my extra arbors from).
I think you will like it. If not, you should be able to move it on for a good price.
Oh, yeah, they rarely have power feed, get used to cranking!
That one looks pretty stout for its size. That's good. You can always make an overarm support if it chatters too much.
[This message has been edited by J Tiers (edited 10-16-2005).]
Keep eye on ball.