Hi Harry;
Engineers Edge is a great site, although I haven't found sections and calculators for C-channels or I-beams.
8x8 seems like a HUGE beam. Would a smaller steel tube be an option? 6"x3"x0.25" or even 6"x2"x0.25" steel would have similar max deflections (but perhaps be less fun to drill and tap...). It would still weigh ~100 lbs, and cost about $100
EDIT : If this is for the gantry, then even 100 lbs seems to be high, and may be inflating your requirements. A router and carriage would weigh 20-30 lbs, and any cutting forces would act against this weight. Lateral forces are similar. So you could probably recalculate for say 50 lbs, and get by with a much smaller (cheaper) main beam.