G'day Bart, I'm in QLD,
When you say carve out wheel centers do you mean that your thinking of making wheels from scratch and from solid ?
Most alloy car wheels I would say are cast first then machined to minimise waste material and machining associated costs like tooling and time. It would cost a
fortune to get a piece of aluminum the size of a full size car wheel and in the correct alloy, take a fair time to machine and you would be buried in swarf lol
There can be cost advantages to retro fitting a machine but if you choose to do so It is very wise to choose a machine that has a history of being retro-fitted, that way you know it can be done, what is involved, what parts are required and the costs. There are so many machines out there to choose from. It is also easy to spend just as much if not more on tooling and accessories. I am sure there is someone on CNCZone that is doing larger scale work and could help you far more than I.
Something to consider when buying a machine is what you will be making with it, how large the items will be, and how much power you will need, also how you will actually go about machining them, will you need to mount your parts in a vice, on a rotary table etc, then consider the size of that vice, rotary table, or other device and ask what size machine that can handle that weight and size of both of material and work holding gear, how much material will be removed, the size of cutters involved and the power requirements to do it.
For example a 100mm rotary table can weight anywhere between 4 and 10 kg's where as a 250mm rotary table could weight 45 kg's or more, if you needed to rotate a car wheel I would imagine you would be looking at a table of 500mm in size, you would need a crane just to mount it!
From the tool marks seen on wheels I think many are also turned on a Lathe as well as milled.
How my retrofit would compare to a factory complete cnc I guess would depend on what you were comparing it with, there are some less exspensive setups out there, some are retro fittted machines with frills, while others of comparable size, such as Wabeco machines are beautiful precision made machines, most here would start drooling at the thought of owning one lol but they cost a packet!
What ever you do, don't be discouraged, do some research, and keep posting on CNCZone