At 9 IPM with a 3/4" stickout I'm getting about .0003 deflection on the 2 flute bit. Changing to a 2 flute .03 DOC and the same feed rate would get me .0005 deflection. I did this and while it was a little faster on the cut. The finish was not as good.
As it stands I could go a little deeper even with the four flute. .03 DOC would yield a .0005 deflection. .04 would yield a .0007. I was being a little conservative since this was my last 1/8" end mill.
In all this, the most important aspect of this part was blowing the chip out of the kerf.
The good news is that I just upgraded the mill with a Mach3 controlled spindle controller. The brushless motor now has an upward limit of 3200RPM. This lets me increase my feed rate. I can get a DOC of .03 with a feed rate of 12.8 and still only have a deflection of .0006. But I reduce the job time almost in half.
Bottom line though, if you only have one end mill, take it easy
Author of: The KRMx01 CNC Books, The KRMx02 CNC Books, The KRmc01 CNC Milling Machine Books, and Building the HANS Electric Gear Clock. All available at www.kronosrobotics.com