Attached are plots of filler modulus vs. filler percentage using average iron at 15e6 psi and average steel at 30e6psi modulus.
For reference the moduli for the commonly discussed materials are approximately:
Quartz 10e6psi
Iron 15e6psi
Steel 30e6psi
Alumina 40e6psi
Silicon Carbide 60e6psi
What the graphs tells us is that to get a material that is as stiff as the 4.9e6psi modulus posted by Accures it needs to have 87% quartz, 86% cast iron, 84% steel, or about 83% silicon carbide by volume. For stiffness, the material chosen doesn't tend to make a big difference until the fill rate gets into the 90% plus range.
I would suspect that steel and iron compositions have a higher tensile strength than the mineral compositions and I also suspect that they will fail in the bond rather than in the filler itself.
In the improvised machine case, I would suspect silicon carbide to be nice because it has a very high modulus and is thus the most likely to have acceptable stiffness performance in the face of questionable gradings and inadequate vibration.
Until the gradings are so good that one achieves a density in the >90% range, the ultimate performance of the fillers as far as stiffness is similar for all the listed materials. Since I don't believe strength will be an issue since a part stiff enough for a machine tool should be strong, I'm going to say that price seems like the chief discriminant to me and that metal particles appear to impart a slight disadvantage when compared to silicon carbide or alumina.
Regards all,
Cameron