I think if I needed to make parts like that I would do as much as I could on the mill or shaper, and then freehand cut, file, and sand/grind the rounded lobe ends as required. Curved shapes like that can be pretty forgiving to the eye, and while a round shape may not end up being geometrically perfect it may be quite acceptable visually. Having said that though, if you’re looking to make a stack of them then it may be worth it to find a small rotary table.
That’d be a really cool model to see completed — good luck if you take it on.
-frank