Thanks both,
Ihavenofish is right, it will not be a huge machine. Something along the lines of
https://www.youtube.com/watch?v=4s4hLC-Fn_4 (although I suspect that one isn't running at full speed in the video).
IHNF, have you found any limits with your 3.8kW spindle? For example where you've had to reduce feed to keep RPM where it should be?
I anticipate the majority of my work will be done with 3/8" and 1/2" compression bits. The rest will be larger diameter roundover and chamfer bits, but all consistent with the typical cutting you'd do in max 1" plywood. The other limit may be the toolholder (ISO30 ER32). There must be a max torque you can put through an ER32 holder before it risks slipping, but I can't find any numbers.