Phil, Your ideas sound great, but I would caution you against using aliminum plate for the way. It simply is not hard enough to take the wear. Bearings ride very nicely on cold rolled steel, and with a little hand scraping, cold rolled steel will be extremely accurate. I think I would also consider using two pieces of delrin to form the adjustable gibs, instead of one, but that is probably just personal paranoia! If you really want to use aluminum for the ways, why not make all of your sliding parts out of delrin and eliminate the bearings? I am building a small mdf machine right now that uses pieces of cutting board riding on aluminum channel for the ways, and even with the increased friction of nylon verses delrin, everything seems to move niceley! If you don't already know what gibs and ways and scraping and all that stuff is, go to the library and get a book on machine tools. Get an old one...'50's or older...they seem to have the best stuff for low tech designs.
Stop talking about it and do it already!!!!!
(Note: The opinions expressed in this post are my own and are not necessarily those of CNCzone and its management)