Dave, I just ran a test cut of my motor mount file with a 1.5mm chipbreaker bit (like the one I gave you). I reduced the feedrate to 0.7ipm and it worked pretty well, although it did burn the edges of the ply a little. I taped some 3mm depron to either side of the ply so that the drive roller had more material in contact with it.
It's slow going, it took about 20mins to cut this mount, but I don't think I could cut one by hand in the same amount of time.
Si.