I'd vote for considering a casting, with dye to color the stuff; Tap Plastics has transparent dyes
for this sort of thing... an epoxy or urethane casting would be nice and durable, compared to acrylic,
and you can get a good mechanical bond to the machine part by embedding it while
the resin is still soft. Machining to finished shape, or turning a mold, will satisfy the need to
make swarf...