Ok then, we will go back, pull the spindle head cover and check the belts, corks, alignment, etc... I also doubt that the problem is electronic, but that "hit the disconnect" test sounds easy, if not harsh...
The machine was used almost exclusively to cut plastic, so the screws and linear bearings are all in great shape. The downside is that this machine will not take well to heavy cutting... but I am sure that you can adjust feeds and speeds to ensure that it does not chatter even while cutting tool steel or Ti - just have to run within the machine's limits.
My dream would be to find a Mori MVJr or MV35 nearby... but that's a long shot.