Well, this ends on a happy note.
It turned out to be easier than I thought.
I used a 3/64 2-flute carbide cutter, and tested it cutting some .093" thick brass.
I was easily able to cut a sideways slot into the brass, taking only .015" of depth per pass
with the mill running nearly full-out (about 2500 rpm).
Then I figured, what the heck, and tried milling the whole slot in one pass (depth of > .093, so it just
cut sideways through the brass, making a slot).
It worked perfectly. No broken bit, no chattering, no mishaps. I think my calculation from the speed/feed
calculator said 1/2" per minute or so. I was feeding much slower than that. I just used two hands on
the handwheel and tried to keep it steadily rotating without any jerking in the motion. I cut a slot
about 1/4" across in several minutes.
Since I am apparently able to make this cut with a relatively slow mill and a full cut not requiring multiple passes,
I know I can do this without much hassle.