Hey Mike,
I found the fishtail routers to work the best. I think if you use a down cut or up cut bit like an endmill it will fray the edges of the carbon fiber as it will split the layers. I am not sure if this is true though. When I first cut my tail fins out of 2 mm CF plate I used a 1/16" carbide endmill and it worked well but the finish need much sanding.
With a fishtail router I needed to sand it very little. Also, I found cutting it in one pass to be better then 2.
As for speed of cut...ummmm ??? The way I learned (taught myself) was to manually machine though a piece and see how fast you can move though the work and how much strain your putting on the machine. You get a lot of good feedback on everything manually machining. That way you can judge what speed to put into the cnc code. Once you have done this a few times in different material and with different endmill then you can judge if the feedrate with cnc is to quick or not fast enough.
Hope that helps.
Thanks,
tauseef
www.cuttingedgecnc.com