Long time without a post, but I just finished up a prototype job that required me to use the mill as a CNC lathe with tools ganged in a vise. Machine worked great! As mentioned above, one of the tools I picked out was a Thinbit Groove N' Turn to do some narrow slotting in the parts. This worked great and I was amazed by the quality of a name brand tool.
I also opted to do all of the CNC turning (in 304 SS) with a CCGX32.50 insert for Aluminum. The workholding rigidity was pretty poor due to the shape of the part, so I wanted to keep the cutting forces very low. It actually worked great and left near mirror surface finishes. DOC was only .005 and that easily formed a chip and never rubbed. Tool life was very low (about 5 parts per edge) and still left good finishes but would audibly begin to chatter. At $6 an insert from Shars this was very economical. Maybe I could have found a fancy superfinishing insert for SS, but these got the job done quick and easy.
Getting married in 11 days so probably won't be in the shop for a little while. Can't say I can complain