I must agree spindle runouts is a nightmare for milling precise PCB's, but we all have slightly different out comes with DC motors with ER11 chucks,
below are pictures to prove otherwise.
Attachment 464588
Testing new 20º 'V' bits, Spindle is DC motor with ER11 Chuck.
Attachment 464590
Milling PCB with DC motor with 20º 'V' bit
Attachment 464592
Repeatability guaranteed, some claim no success with DC motors with ER11.
Will add that no need hold down PCB with bolts & nuts, double sided tape should do, I use a 100um tape at ONLY three points
Cheers,
Hanspeter.