Great reply for me Mad Welder.
Material and Speeds:
Alloy will be my main material, Yes I was thinking up in the levels of around 6000 RPM and if Ive got this correct was in my mind a motor with around 3-4K RPM and having a 2 to 1 ratio on the belt to get it to 6-8K and also a 1 to 2 for lower speeds but need to look into this as also I need lower speed as I will be wanting to do lots of CNC tapping with maybe a reversable tapping head such as:
eBay - New & used electronics, cars, apparel, collectibles, sporting goods & more at low prices
but the max speed on this is 1500RPM
also tormach do one:
Auto Reversing Tapping Heads | Tormach LLC | We provide personal small CNC machines, CNC tooling, and many more CNC items
Coolant:
Im going to do my very very best to stay away from flood coolant
A mist coolant is what Ill try first such as:
Google Translate
Patent US5390854 - Coolant spray system - Google Patents
When my mill is up and running Ive got my eye on a compressor on ebay:
eBay - The UK's Online Marketplace
I know it may not be a pro compressor but guess its a start.
Bearing:
Yes this is a must and the first step for me - bookmarked the site where you got yours.
Thoughts welcome mate................
PS. Ive just started selling drill bits so shoot to my ebay and pick a dozen or so for yourself and Ill post them over to you free mate:
HSS Drill Bits, Blacksmith Drill Bits items in hss store on eBay!
John