True the stickout doesn't effect the power requirements but it does have a lot to do with getting the right Feeds & Speeds. The longer the stickout the more the deflection grows exponentially, and leads to broken tools and bad finishes, at the numbers you were using you had .002 deflection with that stickout, you should never go above .001 deflection or tools will start breaking. As for the 2 flute, cutting Alum. requires larger chiploads which means there is a need for more chip clearance, the more flutes the less chip clearance, thus my recommendation of 2 flutes, at most 3 when cutting Alum.
The next thing, just because your mill says it is rated for max. 2HP does not mean that you should be trying to get anywhere near that. I would recommend that you stay below 1/4 HP cuts or you are going to wear out the machine quickly. For example, I have the benefit of working with 30HP machines on a daily basis, cutting Alum, 304 Stainless, Inconel, and Titanium, but if I were to try to force one of the machines to plow thru 304 with a cut that consumes 8HP I would most definitely stall the machine, or break something or someone.
Also, buying fancy endmills with high MRR ratings does not transform your 2HP mill into a real hogging machine, you are more than likely wasting your money because your mill cannot even remotely approach the Feeds & Speeds needed to make that MRR rating a reality.
I have attached a screenshot of what I would use for making the cut. Take a step back and slow down or you're going to hurt yourself or worse someone else.
Attachment 203384
I am sorry if this comes across as scathing, but milling is very dangerous when you push limits. Please be careful!!!