It's very simple - just how thick a chip each tooth will peel off. If you're turning 1000 RPM with a 2-flute cutter, and want a 0.001" chipload, then feed at 1000 * 2 * 0.001 = 2 IPM. For 1/8" and up, chipload scales linearly with cutter diameter. A good number as a base is 0.002" chipload for a 1/2" tool. So, 0.001" for a 1/4" tool, and 0.0005" for a 1/8" tool. Below about 1/8" you generally have to back off further, to keep from over-stressing and breaking the tool. If chipload is too light, the tool will get hot, and you'll have problems with the chips welding to the tool. When chipload is right, most of the heat leaves with the chips, and the tool stays relatively cool. So, if your chips are not hot, you're feeding too slow. If your tool breaks, you're feeding too fast. Calculate chipload based on tool diameter, then calculate RPM based on SFPM, and take a shallow cut. If you get good surface finish, then go deeper. When surface finish deteriorates, or the spindle slows down, you've gone as far as you can. Where that happens, depends on the particular machine. The whole trick is getting the right combination of RPM, feedrate, and DOC. Having any one parameter off will screw up everything. Going too slow is just as bad, if not worse, than going too fast.
For aluminum, use only uncoated 2-flute tools. 4-flutes will clog, and carbide is a waste of money on a machine as lightweight as a Taig. You will find mist coolant highly beneficial. Flood is totally unnecessary, even on a much larger machine. I run a full-size CNC'd 9x49 knee mill with a 3HP spindle, and run 1/2" tools, 1/2" deep at 30+IPM using only mist coolant.
Regards,
Ray L.