I have to agree with all of the comments from wizard.I also think that pictures of the current machine would be helpful as it might be possible to suggest improvements.It seems a peculiar approach to consider buying a slightly better machine with a view to doing work to it in order to make it acceptable when the existing machine might be capable of matching the result with less expenditure.To give just one example,we don't have any idea whether the current machine might be susceptible to gantry skewing as we haven't seen it.
Have you looked at the cost of replacing the timing belts with ballscrews?I would guess about 15% of your budget for the replacement machine-prior to upgrading it.You might also be able to stiffen the current machine by bolting some angle in strategic locations.