Thanks for the extensive post Ray - I think you confirmed what people were saying in this thread though. I didn't notice any posts above about losing steps, but I will say one thing that can be a decent advantage of servos - yes, Mach3 won't get feedback from the encoders, but losing position with steppers means you'll probably cut through something you didn't intend to cut or crash the tool into something solid. I've had this happen before, the tool slipped down in the collet (noob..) and I started taking a much heavier cut than expected, the X steppers started stalling and were behind by about 2 inches when the Y axis started moving for the following line of code

Mach3 and the controller had no idea and it merrily ruined my part and broke my end mill. With servos, Mach3 still would have no clue, but the drives would have thrown the e-stop a lot sooner and I'd have an extra end mill and maybe a salvageable part!
Of course none of this would happen if I had any idea what I was doing and was the perfect machinist, mechanic and technician with many decades of experience. But I am not. And I will make mistakes, both in design and execution. I feel like there are enough servo packages out there for incredible prices that make the difference in price very attractive for guys like me who could definitely use the extra margin of safety with the encoder feedback to the drives.
Right now I'm looking at replacing my steppers (which I now know were a poor choice to begin with, but I didn't buy them with this machine in mind) with DMM Tech servos. The DMM 3 axis 400w package is now (with the new pricing) around $1300 for the full setup. I could maybe build a comparable stepper system for $900-1000. I'm not sure yet what I'll end up doing, but DMM being local and having a physical office where I can go and pick parts up from and get help when I need it is probably playing a big part in my swaying in the direction of servos.