I looked up the specs on the pm727v. It appears identical to the g0704, other than the paint and logos.
That being the case, your stock motor is a 90v brushed dc motor.
My stock g0704 motor had a warning sticker on it advising not to run the motor at full speed very long. I don't remember exactly what it said, I scrapped that motor many years ago.
Could it be that you are overheating the board that converts the 120v wall power to 90vdc for the motor? I believe most of these mills use a Chinese knockoff of the KB120 motor controller.
You could pull the panel, and run the mill till it starts cutting-out, then check the temp of the heatsink attached to the stock board.
Shoot it with a laser thermometer.
In this pic, the spot to check the temp is on the left, near the screw slot. Where the transistors are attached directly to the aluminum sink.