That mill is a piece of junk. Its just a bench top drill press with a two direction slide on it.
You DO NOT want a mill that uses a chuck. Way too much chance of chatter and loosing a bit.
Also, this thing only has a max speed of 1000 rpm. Thats extremely low relative to most somewhat decent mills.
THis is an example of a little better low priced mill:
http://cgi.ebay.com/JewelMasterNC-CN...QQcmdZViewItem
better yet:
http://www.grizzly.com/products/g8689
Losi 8T 1.0, Savage Flux - XL style, LST XXL, Muggy, 3.3 E-Revo Conversion and sitting outside 425hp, 831 Tq Dodge Ram Turbo Diesel. It SMOKES